UTStarcom (NASDAQ:UTSI) Research Coverage Started at StockNews.com

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

UTStarcom Trading Down 0.4 %

UTSI opened at $2.74 on Friday. The business’s 50-day simple moving average is $2.75 and its 200 day simple moving average is $2.78. UTStarcom has a 52-week low of $2.20 and a 52-week high of $3.40.

Hedge Funds Weigh In On UTStarcom

An institutional investor recently bought a new position in UTStarcom stock. Garden State Investment Advisory Services LLC acquired a new stake in UTStarcom Holdings Corp. (NASDAQ:UTSI) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 reporting period. Institutional investors own 1.83% of the company’s stock.

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.