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

Stock analysts at StockNews.com started coverage on shares of UTStarcom (NASDAQ:UTSI) in a research note issued to investors on Wednesday. The firm set a “sell” rating on the Wireless communications provider’s stock.

UTStarcom Trading Down 5.6 %

Shares of NASDAQ:UTSI opened at $2.79 on Wednesday. The firm’s 50-day moving average is $2.76 and its two-hundred day moving average is $2.79. UTStarcom has a 1 year low of $2.20 and a 1 year high of $3.30.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in UTStarcom stock. Garden State Investment Advisory Services LLC purchased a new position in shares of UTStarcom Holdings Corp. (NASDAQ:UTSI) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 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 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.