Universal Tracking Solutions stock debuts on OTCBB

A new stock from an Arizona-based company began trading today.

Gilbert-based Universal Tracking Solutions is trading under the ticker symbol UTRK on the Over the Counter Bulletin Board. The company reports it has about 14 million shares outstanding, with 1.7 million in free trading.

The stock opened at 14 cents per share Tuesday morning, and as of 9:15 a.m. it was trading at 12 cents.

Universal Tracking Solutions was founded in August 2006. Company officials said UTS has had eight consecutive quarters of record revenue. Financials for the period ended Sept. 30 will be released on Thursday.

UTS provides GPS fleet management solutions. The company has developed an enhanced 3-D application specifically for organizations wishing to keep it running all day. Users can tilt and rotate the map to gain a better perspective of the vehicle’s position.

Furthermore, users can play back the routes a vehicle has taken, much like an animated movie showing stops, speeds, direction and more.

For more: www.universaltrackingsolutions.com.

UTRK closed today at .23 +.13 (130%)