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

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

UTStarcom Price Performance

Shares of NASDAQ UTSI opened at $2.38 on Wednesday. The business has a 50-day moving average of $2.57 and a 200-day moving average of $2.72. UTStarcom has a 12 month low of $2.20 and a 12 month high of $3.22.

Institutional Trading of UTStarcom

An institutional investor recently bought a new position 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 the company in its most recent 13F filing with the Securities & Exchange Commission. 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 approximately 2.72% of UTStarcom as of its most recent SEC filing. 1.83% of the stock is currently owned by institutional investors and hedge funds.

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.