"Good for the price" is a pretty accurate statement. You can pay a little bit more and get a much better knife in the $40-50 range, but it's a perfectly good knife for $20 or so.
At the moment, however, the Kershaw Nura 3.5 is available for under $20 here and there. While that is a temporary state of affairs, I do think it's a superior choice. Also, having owned both of those knives, I would still probably suggest getting a Spyderco budget knife in that same general price range; the Tenacious I had for some time served me admirably. It's also worth mentioning that breaking into the $25-60 range gets you some of the workhorse Cold Steel folders. Personally, I would drop $30 and get a Finn Wolf or a Tuff Lite before I bought another Utilitac.
Also, I recently picked up a CRKT Pilar at a local sporting goods store and have found myself pretty pleased with it.
I know you asked for opinions on one knife and I'm just dropping counter-suggestions, but, there isn't a whole lot to say about the Ontario Utilitac. It was a screaming deal in 2014 or so, and it's still an excellent price:quality ratio, but there are other knives around that price range that are honestly just as good - if not better.