UTStarcom (NASDAQ:UTSI) Earns Sell Rating from Analysts at StockNews.com

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

UTStarcom Stock Performance

Shares of UTSI stock opened at $2.63 on Wednesday. The firm has a fifty day simple moving average of $2.45 and a two-hundred day simple moving average of $2.61. UTStarcom has a 12 month low of $1.84 and a 12 month high of $3.22.

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.