UTStarcom (NASDAQ:UTSI) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

UTStarcom Holdings Corp (NASDAQ:UTSI)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.52 and traded as high as $2.56. UTStarcom shares last traded at $2.54, with a volume of 15,936 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of UTStarcom in a research report on Tuesday, June 9th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

UTStarcom Price Performance

The business has a 50 day moving average price of $2.65 and a 200-day moving average price of $2.52.

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.