UTStarcom (NASDAQ:UTSI) Coverage Initiated by Analysts at StockNews.com

Posted by ABMN Staff on Nov 26th, 2024

StockNews.com assumed coverage on shares of UTStarcom (NASDAQ:UTSI – Get Free Report) in a research note issued on Tuesday. The brokerage set a “sell” rating on the Wireless communications provider’s stock.

UTStarcom Stock Performance

NASDAQ:UTSI opened at $3.04 on Tuesday. UTStarcom has a 52 week low of $2.20 and a 52 week high of $3.70. The stock’s fifty day moving average is $2.86 and its two-hundred day moving average is $2.77.

Institutional Investors Weigh In On UTStarcom

An institutional investor recently bought a new position in UTStarcom stock. Garden State Investment Advisory Services LLC acquired a new position in shares of UTStarcom Holdings Corp. (NASDAQ:UTSI – Free Report) in the third quarter, according to the company in its most recent disclosure 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 as of its most recent filing with the SEC. 1.83% of the stock is currently owned by hedge funds and other institutional investors.

UTStarcom Company Profile

(Get Free Report)

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.