UTStarcom Holdings Corp. (UTSI) Stock Price Down 1%
Shares of UTStarcom Holdings Corp. (NASDAQ:UTSI) were down 1% on Monday . The company 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 upgraded shares of UTStarcom Holdings Corp. from a “hold” rating to a “buy” rating and set a $2.00 price objective on the stock in a research note on Wednesday, July 20th.
The firm’s market cap is $73.96 million. The firm has a 50 day moving average price of $1.93 and a 200-day moving average price of $1.99.
UTStarcom Holdings Corp. (NASDAQ:UTSI) last posted its quarterly earnings results on Friday, August 12th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.23. The firm had revenue of $20 million for the quarter, compared to analyst estimates of $20 million. During the same quarter last year, the firm earned ($0.02) EPS. Equities research analysts forecast that UTStarcom Holdings Corp. will post $0.01 EPS 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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