UTStarcom (NASDAQ:UTSI) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

UTStarcom Holdings Corp (NASDAQ:UTSIGet Free Report)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.47 and traded as high as $2.50. UTStarcom shares last traded at $2.54, with a volume of 303 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of UTStarcom in a research note on Monday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

View Our Latest Report on UTStarcom

UTStarcom Stock Up 0.4%

The stock has a 50-day simple moving average of $2.47 and a 200 day simple moving average of $2.47.

UTStarcom Company Profile

(Get Free Report)

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.

Read More

Receive News & Ratings for UTStarcom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UTStarcom and related companies with MarketBeat.com's FREE daily email newsletter.