UTStarcom (NASDAQ:UTSI) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

UTStarcom Holdings Corp (NASDAQ:UTSI) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.45 and traded as high as $2.49. UTStarcom shares last traded at $2.43, with a volume of 1,991 shares trading hands.

Analysts Set New Price Targets

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

UTStarcom Trading Down 0.8%

The company has a fifty day simple moving average of $2.48 and a two-hundred day simple moving average of $2.45.

About UTStarcom

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.