UTStarcom (NASDAQ:UTSI) Coverage Initiated at StockNews.com

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

UTStarcom Stock Performance

Shares of UTSI stock opened at $2.84 on Friday. UTStarcom has a one year low of $2.20 and a one year high of $3.74. The firm’s 50 day moving average price is $2.85 and its 200-day moving average price is $2.76.

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.