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

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

UTStarcom Price Performance

NASDAQ:UTSI opened at $2.74 on Monday. The business’s 50 day moving average is $2.74 and its two-hundred day moving average is $2.77. UTStarcom has a 52 week low of $2.20 and a 52 week high of $3.30.

Hedge Funds Weigh In On UTStarcom

A hedge fund recently bought a new stake in UTStarcom stock. Garden State Investment Advisory Services LLC bought a new position in UTStarcom Holdings Corp. (NASDAQ:UTSI) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 256,341 shares of the Wireless communications provider’s stock, valued at approximately $795,000. Garden State Investment Advisory Services LLC owned 2.72% of UTStarcom at the end of the most recent reporting period. 1.83% of the stock is owned by institutional investors and hedge funds.

About UTStarcom

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.