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

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

UTStarcom Stock Up 1.0 %

Shares of NASDAQ UTSI opened at $3.00 on Tuesday. The stock’s fifty day moving average price is $2.87 and its two-hundred day moving average price is $2.78. UTStarcom has a one year low of $2.20 and a one year high of $3.70.

Institutional Trading of 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) during the 3rd quarter, according to its most recent Form 13F filing with the 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 approximately 2.72% of UTStarcom as of its most recent filing with the SEC. 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.