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

UTStarcom Holdings Corp (NASDAQ:UTSI) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.52 and traded as high as $3.00. UTStarcom shares last traded at $3.0860, with a volume of 2,532 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of UTStarcom in a research note on Tuesday, June 9th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

UTStarcom Stock Performance

The business has a fifty day simple moving average of $2.64 and a two-hundred day simple moving average of $2.52.

UTStarcom (NASDAQ:UTSI) last released its quarterly earnings data on Tuesday, March 24th. The Wireless communications provider reported ($0.23) earnings per share for the quarter. The business had revenue of $2.17 million during the quarter.

UTStarcom Company Profile

UTStarcom, Inc (NASDAQ: UTSI) is a global provider of broadband networking and telecommunication solutions. Its product portfolio includes carrier-grade packet optical transport systems, microwave transmission equipment, mobile access radios, small cells and related software platforms. The company serves telecommunications carriers, internet service providers, enterprise networks and government agencies with end-to-end infrastructure designed to support 4G and 5G deployments, fixed broadband access and intelligent connectivity applications.

Founded in 1991, UTStarcom established its reputation in the late 1990s and early 2000s by supplying digital subscriber line access multiplexers (DSLAMs) and broadband routers to operators worldwide.