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

StockNews.com started coverage on shares of UTStarcom (NASDAQ:UTSI) in a research note issued to investors on Tuesday morning. The brokerage issued a sell rating on the Wireless communications provider’s stock.

UTStarcom Stock Up 0.4 %

Shares of NASDAQ UTSI opened at $2.75 on Tuesday. UTStarcom has a 1-year low of $2.20 and a 1-year high of $3.30. The company has a fifty day moving average price of $2.74 and a 200 day moving average price of $2.78.

Hedge Funds Weigh In On UTStarcom

A hedge fund recently bought a new stake in UTStarcom stock. Garden State Investment Advisory Services LLC acquired a new position in shares of UTStarcom Holdings Corp. (NASDAQ:UTSI) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 about 2.72% of UTStarcom at the end of the most recent reporting period. 1.83% of the stock is currently owned by institutional investors.

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.