UTStarcom (NASDAQ:UTSI) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

UTStarcom Holdings Corp (NASDAQ:UTSI) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.46 and traded as high as $2.50. UTStarcom shares last traded at $2.50, with a volume of 4,527 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of UTStarcom in a report on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

UTStarcom Price Performance

The company has a 50 day moving average of $2.46 and a 200 day moving average of $2.46.

UTStarcom Company Profile

UTStarcom, Inc (NASDAQ: UTSI) is a global provider of broadband networking and telecommunication solutions. Its product portfolio includes carrier-grade packet optical transport systems, microwave transmission equipment, mobile access radios, small cells and related software platforms. The company serves telecommunications carriers, internet service providers, enterprise networks and government agencies with end-to-end infrastructure designed to support 4G and 5G deployments, fixed broadband access and intelligent connectivity applications.

Founded in 1991, UTStarcom established its reputation in the late 1990s and early 2000s by supplying digital subscriber line access multiplexers (DSLAMs) and broadband routers to operators worldwide.