UTStarcom (NASDAQ:UTSI) Research Coverage Started at StockNews.com

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

UTStarcom Price Performance

NASDAQ:UTSI opened at $2.64 on Thursday. UTStarcom has a 1-year low of $2.20 and a 1-year high of $3.54. The company has a 50-day moving average of $2.82 and a 200 day moving average of $2.77.

Hedge Funds Weigh In On UTStarcom

A hedge fund recently bought a new stake in UTStarcom stock. Garden State Investment Advisory Services LLC bought a new position in shares of UTStarcom Holdings Corp. (NASDAQ:UTSI) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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 SEC filing. 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.