UTStarcom (NASDAQ:UTSI) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

UTStarcom Holdings Corp. (NASDAQ:UTSI)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.78 and traded as high as $2.88. UTStarcom shares last traded at $2.77, with a volume of 6,325 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on UTStarcom in a research note on Wednesday. They set a “sell” rating for the company.

UTStarcom Trading Down 6.5 %

The company has a fifty day moving average price of $2.76 and a two-hundred day moving average price of $2.78.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake 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 disclosure with the Securities & 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 2.72% of UTStarcom at the end of the most recent quarter. 1.83% of the stock is owned by institutional investors.

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.