UTStarcom (NASDAQ:UTSI) Earns Sell Rating from Analysts at StockNews.com

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

UTStarcom Stock Up 3.7 %

Shares of UTStarcom stock opened at $2.80 on Friday. The company has a 50-day simple moving average of $2.77 and a two-hundred day simple moving average of $2.76. UTStarcom has a 52-week low of $2.20 and a 52-week high of $3.44.

Institutional Trading of UTStarcom

An institutional investor recently bought a new position in UTStarcom stock. Garden State Investment Advisory Services LLC purchased a new position in shares of UTStarcom Holdings Corp. (NASDAQ:UTSI) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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 about 2.72% of UTStarcom at the end of the most recent reporting period. 1.83% of the stock is owned by hedge funds and other institutional investors.

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.