UTStarcom (NASDAQ:UTSI) Stock Price Passes Above 200-Day Moving Average – Here’s Why

UTStarcom Holdings Corp (NASDAQ:UTSI) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-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 trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of UTStarcom in a report on Tuesday, June 9th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

UTStarcom Stock Performance

The stock has a 50-day simple moving average of $2.66 and a 200-day simple moving average of $2.52.

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

About UTStarcom

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.