UTStarcom (NASDAQ:UTSI) Now Covered by StockNews.com

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

UTStarcom Trading Down 2.2 %

NASDAQ:UTSI opened at $2.64 on Thursday. The business’s 50-day moving average is $2.83 and its 200 day moving average is $2.77. UTStarcom has a 12 month low of $2.20 and a 12 month high of $3.54.

Institutional Inflows and Outflows

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 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 256,341 shares of the Wireless communications provider’s stock, valued at approximately $795,000. Garden State Investment Advisory Services LLC owned about 2.72% of UTStarcom at the end of the most recent quarter. Institutional investors own 1.83% of the company’s stock.

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.