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

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

UTStarcom Price Performance

UTStarcom stock opened at $2.53 on Friday. The company’s fifty day moving average price is $2.70 and its 200 day moving average price is $2.77. UTStarcom has a 1 year low of $2.20 and a 1 year high of $3.22.

Institutional Trading of UTStarcom

An institutional investor recently bought a new position in UTStarcom stock. Garden State Investment Advisory Services LLC acquired a new position in UTStarcom Holdings Corp. (NASDAQ:UTSI) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 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. 1.83% of the stock is currently owned by institutional investors.

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.