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

StockNews.com initiated coverage on shares of UTStarcom (NASDAQ:UTSI) in a research report report published on Monday morning. The firm issued a sell rating on the Wireless communications provider’s stock.

UTStarcom Price Performance

Shares of UTStarcom stock opened at $2.85 on Monday. The business has a 50-day moving average price of $2.86 and a 200 day moving average price of $2.76. UTStarcom has a fifty-two week low of $2.20 and a fifty-two week 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 purchased a new stake in shares of UTStarcom Holdings Corp. (NASDAQ:UTSI) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 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 filing with the Securities and Exchange Commission (SEC). 1.83% of the stock is currently owned by institutional investors and hedge funds.

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.