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

Equities research analysts at StockNews.com assumed coverage on shares of UTStarcom (NASDAQ:UTSI) in a research report issued on Monday. The firm set a “sell” rating on the Wireless communications provider’s stock.

UTStarcom Price Performance

Shares of UTStarcom stock opened at $2.45 on Monday. The firm has a 50-day moving average of $2.67 and a 200-day moving average of $2.76. UTStarcom has a 52-week low of $2.20 and a 52-week high of $3.22.

Institutional Investors Weigh In On UTStarcom

An institutional investor recently bought a new position in UTStarcom stock. Garden State Investment Advisory Services LLC acquired a new position in shares of UTStarcom Holdings Corp. (NASDAQ:UTSI) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 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 as of its most recent SEC filing. Hedge funds and other institutional investors own 1.83% of the company’s stock.

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.