UTStarcom Holdings Corp. (UTSI) Trading Down 1%
UTStarcom Holdings Corp. (NASDAQ:UTSI) was down 1% during mid-day trading on Monday . The stock traded as low as $2.00 and last traded at $2.04, with a volume of 53,133 shares. The stock had previously closed at $2.06.
Separately, Zacks Investment Research raised shares of UTStarcom Holdings Corp. from a “strong sell” rating to a “hold” rating and set a $2.25 price target on the stock in a research note on Tuesday, May 17th.
The stock has a 50 day moving average of $1.93 and a 200-day moving average of $2.00. The stock’s market cap is $74.96 million.
UTStarcom Holdings Corp. (NASDAQ:UTSI) last issued its quarterly earnings data on Friday, August 12th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.23. The company had revenue of $20 million for the quarter, compared to the consensus estimate of $20 million. During the same quarter in the prior year, the firm earned ($0.02) earnings per share. Equities analysts predict that UTStarcom Holdings Corp. will post ($0.10) earnings per share for the current fiscal year.
UTStarcom Holdings Corp. is engaged in providing broadband products, solution and services. The Company is a global telecom infrastructure provider, which is focused on delivering broadband transport and access (both Wi-Fi and fixed line) products and solutions, optimized for mobile backhaul, metro aggregation, broadband access and Wi-Fi data offloading.
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