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

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

UTStarcom Price Performance

Shares of NASDAQ:UTSI opened at $2.40 on Friday. The firm has a fifty day moving average price of $2.70 and a two-hundred day moving average price of $2.76. UTStarcom has a one year low of $2.20 and a one year high of $3.22.

Institutional Trading of UTStarcom

A hedge fund recently bought a new stake in UTStarcom stock. Garden State Investment Advisory Services LLC acquired a new stake in shares of UTStarcom Holdings Corp. (NASDAQ:UTSI) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 256,341 shares of the Wireless communications provider’s stock, valued at approximately $795,000. Garden State Investment Advisory Services LLC owned approximately 2.72% of UTStarcom as of its most recent filing with the SEC. Hedge funds and other institutional investors own 1.83% of the company’s stock.

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.