UTStarcom (NASDAQ:UTSI) Now Covered by Analysts at StockNews.com

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

UTStarcom Price Performance

Shares of NASDAQ:UTSI opened at $2.69 on Wednesday. The stock’s 50-day simple moving average is $2.73 and its two-hundred day simple moving average is $3.11. UTStarcom has a 52-week low of $2.40 and a 52-week high of $4.15.

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.