UTStarcom (NASDAQ:UTSI) Stock Passes Above Two Hundred Day Moving Average of $3.63

UTStarcom Holdings Corp. (NASDAQ:UTSI) 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

The company’s 50 day moving average is $3.55 and its 200 day moving average is $3.62.

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) 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.