StockNews.com Initiates Coverage on UTStarcom (NASDAQ:UTSI)

StockNews.com began coverage on shares of UTStarcom (NASDAQ:UTSI) in a research note issued to investors on Sunday morning. The firm issued a sell rating on the Wireless communications provider’s stock.

UTStarcom Stock Performance

Shares of UTStarcom stock opened at $2.88 on Friday. 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 of $2.71 and a two-hundred day moving average of $2.99.

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.