UTStarcom (NASDAQ:UTSI) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of UTStarcom (NASDAQ:UTSI) in a research report released on Sunday morning. The firm issued a sell rating on the Wireless communications provider’s stock.

UTStarcom Trading Down 4.9 %

NASDAQ UTSI opened at $2.74 on Friday. The business’s fifty day moving average is $2.76 and its 200-day moving average is $2.77. UTStarcom has a one year low of $2.20 and a one year high of $3.43.

Institutional Investors Weigh In On UTStarcom

An institutional investor recently bought a new position in UTStarcom stock. Garden State Investment Advisory Services LLC acquired a new stake in shares of UTStarcom Holdings Corp. (NASDAQ:UTSI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 256,341 shares of the Wireless communications provider’s stock, valued at approximately $795,000. Garden State Investment Advisory Services LLC owned 2.72% of UTStarcom at the end of the most recent quarter. Institutional investors own 1.83% of the company’s stock.

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.