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

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

UTStarcom Trading Up 5.2 %

NASDAQ:UTSI opened at $3.04 on Tuesday. The stock has a 50 day moving average of $2.86 and a two-hundred day moving average of $2.77. UTStarcom has a 12 month low of $2.20 and a 12 month high of $3.70.

Institutional Investors 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) in the third quarter, according to its most recent disclosure with the 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 about 2.72% of UTStarcom as of its most recent SEC filing. 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.