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

Investment analysts at StockNews.com assumed coverage on shares of UTStarcom (NASDAQ:UTSI) in a note issued to investors on Thursday. The brokerage set a “sell” rating on the Wireless communications provider’s stock.

UTStarcom Trading Down 2.1 %

Shares of UTStarcom stock opened at $2.84 on Thursday. The company has a 50-day simple moving average of $2.81 and a 200 day simple moving average of $2.74. UTStarcom has a 12-month low of $2.20 and a 12-month 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.