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

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

UTStarcom Trading Down 0.5 %

UTSI opened at $2.43 on Monday. The business’s 50-day simple moving average is $2.65 and its 200-day simple moving average is $2.75. UTStarcom has a one year low of $2.20 and a one year high of $3.22.

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 third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 Securities and Exchange Commission (SEC). 1.83% of the stock is currently owned by hedge funds and other 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.