UTStarcom (NASDAQ:UTSI) Earns Sell Rating from Analysts at StockNews.com

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

UTStarcom Stock Performance

Shares of NASDAQ UTSI opened at $3.31 on Monday. The stock’s 50-day simple moving average is $3.48 and its two-hundred day simple moving average is $3.28. UTStarcom has a twelve month low of $2.44 and a twelve month high of $5.76.

UTStarcom Company Profile

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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.