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

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

UTStarcom Price Performance

NASDAQ UTSI opened at $2.74 on Friday. The company’s 50 day moving average is $2.76 and its 200-day moving average is $2.77. UTStarcom has a 12-month low of $2.20 and a 12-month high of $3.43.

Hedge Funds Weigh In On UTStarcom

An institutional investor recently bought a new position in UTStarcom stock. Garden State Investment Advisory Services LLC acquired a new position in shares of UTStarcom Holdings Corp. (NASDAQ:UTSI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 and Exchange Commission. 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.