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

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

UTStarcom Stock Performance

Shares of UTSI stock opened at $2.74 on Monday. UTStarcom has a twelve month low of $2.20 and a twelve month high of $3.30. The stock has a fifty day simple moving average of $2.74 and a two-hundred day simple moving average of $2.78.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in UTStarcom stock. Garden State Investment Advisory Services LLC acquired a new stake in shares of UTStarcom Holdings Corp. (NASDAQ:UTSI) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 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 filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 1.83% of the company’s stock.

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.