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

Investment analysts at StockNews.com initiated coverage on shares of UTStarcom (NASDAQ:UTSI – Get Rating) in a note issued to investors on Wednesday. The firm set a “sell” rating on the Wireless communications provider’s stock.

UTStarcom Stock Performance

UTStarcom stock opened at $3.97 on Wednesday. UTStarcom has a fifty-two week low of $2.44 and a fifty-two week high of $5.03. The firm’s fifty day moving average price is $3.86 and its 200-day moving average price is $4.18.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in UTStarcom stock. Susquehanna International Group LLP bought a new stake in shares of UTStarcom Holdings Corp. (NASDAQ:UTSI – Get Rating) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,113 shares of the Wireless communications provider’s stock, valued at approximately $43,000. Susquehanna International Group LLP owned 0.13% of UTStarcom at the end of the most recent reporting period. 3.14% of the stock is owned by hedge funds and other institutional investors.

About UTStarcom

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UTStarcom Holdings Corp. is a telecom infrastructure company, which develops technology for cloud-based services, mobile, streaming, and other applications. It operates through the following segments: Equipment, and Services. The Equipment segment focuses on equipment sales including network infrastructure and application products, which include broadband products, wireless infrastructure technologies.