UTStarcom Holdings Corp. (NASDAQ:UTSI) Stock Position Lowered by Renaissance Technologies LLC

Renaissance Technologies LLC lessened its position in UTStarcom Holdings Corp. (NASDAQ:UTSI) by 9.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 123,329 shares of the Wireless communications provider’s stock after selling 13,300 shares during the quarter. Renaissance Technologies LLC’s holdings in UTStarcom were worth $339,000 as of its most recent filing with the SEC.

UTStarcom Price Performance

Shares of NASDAQ:UTSI opened at $2.77 on Friday. The firm has a fifty day moving average of $2.80 and a two-hundred day moving average of $2.74. UTStarcom Holdings Corp. has a 12-month low of $2.20 and a 12-month high of $3.75.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of UTStarcom in a research report on Wednesday. They issued a “sell” rating for the company.

UTStarcom Company Profile

UTStarcom Holdings Corp. operates as a telecom infrastructure provider to develop technology for bandwidth from cloud-based services, mobile, streaming, and other applications in China, India, Japan, and internationally. Its products include converged packet transport, disaggregated router platform, packet transport network, packet aggregation network, multi-services access network, fiber to the X, carrier Wi-Fi solutions, and software defined network controller products.