StockNews.com Begins Coverage on UTStarcom (NASDAQ:UTSI)

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

UTStarcom Stock Up 10.6 %

Shares of UTSI stock opened at $2.72 on Friday. UTStarcom has a 1 year low of $2.20 and a 1 year high of $3.79. The firm’s fifty day simple moving average is $2.72 and its 200 day simple moving average is $2.71.

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.