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

StockNews.com started coverage on shares of UTStarcom (NASDAQ:UTSI) in a research note issued to investors on Saturday morning. The firm issued a sell rating on the Wireless communications provider’s stock.

UTStarcom Trading Down 3.0 %

Shares of NASDAQ UTSI opened at $2.43 on Friday. UTStarcom has a 52 week low of $2.20 and a 52 week high of $3.22. The firm has a 50-day moving average price of $2.70 and a 200 day moving average price of $2.77.

Hedge Funds Weigh In On UTStarcom

An institutional investor recently bought a new position in UTStarcom stock. Garden State Investment Advisory Services LLC bought a new stake in UTStarcom Holdings Corp. (NASDAQ:UTSI) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 about 2.72% of UTStarcom as of its most recent filing with the Securities & Exchange Commission. 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.