UTStarcom (NASDAQ:UTSI) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of UTStarcom (NASDAQ:UTSI) in a research report issued to clients and investors on Thursday. The firm set a “sell” rating on the Wireless communications provider’s stock.

UTStarcom Stock Up 3.5 %

UTSI stock opened at $2.96 on Thursday. The business has a fifty day moving average price of $2.82 and a 200 day moving average price of $2.75. UTStarcom has a fifty-two week low of $2.20 and a fifty-two week high of $3.75.

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.