UTStarcom Holdings Corp. (NASDAQ:UTSI – Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $3.63 and traded as high as $3.68. UTStarcom shares last traded at $3.60, with a volume of 970 shares traded.
Analyst Upgrades and Downgrades
Separately, StockNews.com assumed coverage on UTStarcom in a research note on Thursday. They set a “sell” rating for the company.
UTStarcom Stock Performance
Institutional Inflows and Outflows
An institutional investor recently raised its position in UTStarcom stock. Susquehanna International Group LLP increased its stake in shares of UTStarcom Holdings Corp. (NASDAQ:UTSI – Free Report) by 24.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,061 shares of the Wireless communications provider’s stock after buying an additional 2,948 shares during the quarter. Susquehanna International Group LLP owned about 0.16% of UTStarcom worth $61,000 at the end of the most recent quarter. 2.29% of the stock is owned by institutional investors.
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.
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