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

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

UTStarcom Stock Up 0.4 %

NASDAQ UTSI opened at $2.75 on Monday. The business has a 50 day moving average price of $2.74 and a 200 day moving average price of $2.78. UTStarcom has a 1-year low of $2.20 and a 1-year high of $3.30.

Hedge Funds Weigh In On UTStarcom

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

About UTStarcom

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.