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

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

UTStarcom Price Performance

Shares of NASDAQ:UTSI opened at $2.79 on Thursday. The firm has a fifty day moving average of $2.69 and a two-hundred day moving average of $3.07. UTStarcom has a 12-month low of $2.40 and a 12-month high of $4.15.

About UTStarcom

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.