StockNews.com Begins Coverage on UTStarcom (NASDAQ:UTSI)

Analysts at StockNews.com started coverage on shares of UTStarcom (NASDAQ:UTSI) in a report issued on Sunday. The brokerage set a “sell” rating on the Wireless communications provider’s stock.

UTStarcom Trading Up 5.2 %

Shares of NASDAQ UTSI opened at $2.53 on Friday. UTStarcom has a 52 week low of $2.20 and a 52 week high of $3.22. The business’s 50 day moving average price is $2.70 and its 200 day moving average price is $2.77.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in UTStarcom stock. Garden State Investment Advisory Services LLC purchased a new position in shares of UTStarcom Holdings Corp. (NASDAQ:UTSI) during the 3rd quarter, according to its most recent disclosure with the Securities and 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 2.72% of UTStarcom as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds 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.