StockNews.com Begins Coverage on UTStarcom (NASDAQ:UTSI)

Research analysts at StockNews.com began coverage on shares of UTStarcom (NASDAQ:UTSI) in a research report issued on Tuesday. The firm set a “sell” rating on the Wireless communications provider’s stock.

UTStarcom Stock Down 2.1 %

Shares of NASDAQ UTSI opened at $2.35 on Tuesday. UTStarcom has a 12 month low of $2.20 and a 12 month high of $3.22. The business’s 50 day moving average is $2.63 and its two-hundred day moving average is $2.74.

Hedge Funds Weigh In On UTStarcom

A hedge fund recently bought a new stake in UTStarcom stock. Garden State Investment Advisory Services LLC acquired a new stake in shares of UTStarcom Holdings Corp. (NASDAQ:UTSI) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 about 2.72% of UTStarcom as of its most recent filing with the Securities & Exchange Commission. 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.