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

Stock analysts at StockNews.com started coverage on shares of UTStarcom (NASDAQ:UTSI) in a report released on Wednesday. The firm set a “sell” rating on the Wireless communications provider’s stock.

UTStarcom Price Performance

Shares of NASDAQ:UTSI opened at $2.73 on Wednesday. UTStarcom has a 1-year low of $2.40 and a 1-year high of $4.15. The business has a 50-day moving average price of $2.74 and a two-hundred day moving average price of $3.11.

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.