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

StockNews.com began coverage on shares of UTStarcom (NASDAQ:UTSIGet Rating) in a note issued to investors on Tuesday. The firm set a “sell” rating on the Wireless communications provider’s stock.

Shares of UTSI opened at $0.73 on Tuesday. UTStarcom has a 52 week low of $0.68 and a 52 week high of $2.00. The business has a 50 day moving average price of $0.80.

A hedge fund recently bought a new stake in UTStarcom stock. Millennium Management LLC bought a new position in UTStarcom Holdings Corp. (NASDAQ:UTSIGet Rating) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 53,985 shares of the Wireless communications provider’s stock, valued at approximately $62,000. Millennium Management LLC owned about 0.15% of UTStarcom as of its most recent SEC filing. 4.02% of the stock is currently owned by institutional investors.

About UTStarcom (Get Rating)

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, Taiwan, and internationally. The company's products include packet transport network, packet aggregation network, multi-services access network, fiber to the X, carrier Wi-Fi solutions, and software defined network controller products, as well as smart retail products.

Featured Stories

Receive News & Ratings for UTStarcom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UTStarcom and related companies with MarketBeat.com's FREE daily email newsletter.