UTStarcom (NASDAQ:UTSI) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of UTStarcom (NASDAQ:UTSI) in a research report sent to investors on Tuesday. The brokerage issued a sell rating on the Wireless communications provider’s stock.

UTStarcom Trading Up 2.6 %

Shares of NASDAQ:UTSI traded up $0.07 on Tuesday, reaching $2.79. The company had a trading volume of 570 shares, compared to its average volume of 3,610. UTStarcom has a 52-week low of $2.20 and a 52-week high of $4.03. The firm’s 50 day simple moving average is $2.68 and its 200-day simple moving average is $2.74.

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.