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

Equities researchers at StockNews.com began coverage on shares of UTStarcom (NASDAQ:UTSI) in a report issued on Tuesday. The firm set a “sell” rating on the Wireless communications provider’s stock.

UTStarcom Stock Performance

Shares of UTSI opened at $2.62 on Tuesday. UTStarcom has a 12 month low of $2.40 and a 12 month high of $4.31. The firm has a fifty day simple moving average of $2.73 and a 200 day simple moving average of $3.15.

Institutional Trading of UTStarcom

An institutional investor recently raised its position in UTStarcom stock. Susquehanna International Group LLP boosted its position in shares of UTStarcom Holdings Corp. (NASDAQ:UTSI) by 24.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,061 shares of the Wireless communications provider’s stock after acquiring an additional 2,948 shares during the quarter. Susquehanna International Group LLP owned 0.16% of UTStarcom worth $61,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 1.83% of the company’s stock.

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.