UTStarcom (NASDAQ:UTSI) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Shares of UTStarcom Holdings Corp (NASDAQ:UTSI) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.52 and traded as high as $2.52. UTStarcom shares last traded at $2.35, with a volume of 86,160 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of UTStarcom in a research report on Tuesday, June 9th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

UTStarcom Stock Up 6.8%

The firm’s fifty day moving average price is $2.67 and its 200 day moving average price is $2.52.

UTStarcom (NASDAQ:UTSI) last posted its earnings results on Tuesday, March 24th. The Wireless communications provider reported ($0.23) earnings per share (EPS) for the quarter. The company had revenue of $2.17 million for 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.