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

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

UTStarcom Stock Up 1.0 %

NASDAQ:UTSI opened at $3.00 on Tuesday. The stock’s 50-day simple moving average is $2.87 and its 200 day simple moving average is $2.78. UTStarcom has a twelve month low of $2.20 and a twelve month high of $3.70.

Hedge Funds Weigh In On UTStarcom

An institutional investor recently bought a new position in UTStarcom stock. Garden State Investment Advisory Services LLC bought a new stake in UTStarcom Holdings Corp. (NASDAQ:UTSI) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 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. Hedge funds and other institutional investors 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.