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

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

UTStarcom Price Performance

Shares of UTSI stock opened at $2.43 on Friday. The firm has a 50-day moving average price of $2.70 and a 200 day moving average price of $2.77. UTStarcom has a twelve month low of $2.20 and a twelve month high of $3.22.

Institutional Trading of UTStarcom

An institutional investor recently bought a new position in UTStarcom stock. Garden State Investment Advisory Services LLC purchased a new position in shares of UTStarcom Holdings Corp. (NASDAQ:UTSI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 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 SEC filing. 1.83% of the stock is owned by hedge funds and other institutional investors.

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.