StockNews.com Begins Coverage on UTStarcom (NASDAQ:UTSI)

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

UTStarcom Stock Performance

Shares of UTSI stock opened at $2.69 on Wednesday. UTStarcom has a 52-week low of $2.40 and a 52-week high of $4.15. The stock’s 50-day moving average price is $2.73 and its 200 day moving average price is $3.11.

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.