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

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

UTStarcom Stock Performance

UTSI opened at $2.70 on Thursday. The stock’s fifty day simple moving average is $2.83 and its 200 day simple moving average is $2.77. UTStarcom has a 1-year low of $2.20 and a 1-year high of $3.54.

Hedge Funds Weigh In On UTStarcom

A hedge fund recently bought a new stake in UTStarcom stock. Garden State Investment Advisory Services LLC acquired a new stake in UTStarcom Holdings Corp. (NASDAQ:UTSI) in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm acquired 256,341 shares of the Wireless communications provider’s stock, valued at approximately $795,000. Garden State Investment Advisory Services LLC owned about 2.72% of UTStarcom as of its most recent filing with the SEC. 1.83% of the stock is currently owned by 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.