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UTStarcom (NASDAQ:UTSI) major shareholder Softbank America Inc sold 4,883,875 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $2.54, for a total value of $12,405,042.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

UTStarcom (NASDAQ:UTSI) traded up 1.16% on Tuesday, hitting $2.61. 23,764 shares of the company’s stock traded hands. UTStarcom has a 1-year low of $2.05 and a 1-year high of $3.18. The stock’s 50-day moving average is $2.71 and its 200-day moving average is $2.70. The company’s market cap is $101.7 million.

UTStarcom (NASDAQ:UTSI) last issued its quarterly earnings data on Thursday, November 14th. The company reported $0.01 earnings per share for the quarter. The company had revenue of $41.20 million for the quarter, compared to the consensus estimate of $40.30 million.

UTStarcom, Inc (NASDAQ:UTSI) is a global provider of Internet Protocol (IP)-based network solutions, including the integration and support services sold to telecommunications and cable operators.

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