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

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

UTStarcom Trading Down 0.5 %

NASDAQ:UTSI opened at $2.43 on Monday. UTStarcom has a 12-month low of $2.20 and a 12-month high of $3.22. The stock has a fifty day moving average price of $2.65 and a 200 day moving average price of $2.75.

Institutional Trading of UTStarcom

An institutional investor recently bought a new position in UTStarcom stock. Garden State Investment Advisory Services LLC purchased a new stake in UTStarcom Holdings Corp. (NASDAQ:UTSI) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 256,341 shares of the Wireless communications provider’s stock, valued at approximately $795,000. Garden State Investment Advisory Services LLC owned approximately 2.72% of UTStarcom at the end of the most recent reporting period. 1.83% of the stock is owned by institutional investors.

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.