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

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

UTStarcom Price Performance

Shares of UTSI stock opened at $2.69 on Friday. The company’s fifty day simple moving average is $2.85 and its 200-day simple moving average is $2.77. UTStarcom has a 12 month low of $2.20 and a 12 month high of $3.72.

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.