UTStarcom Holdings Corp. (UTSI) Sees Unusually-High Trading Volume
UTStarcom Holdings Corp. (NASDAQ:UTSI) saw an uptick in trading volume on Thursday . 165,260 shares changed hands during mid-day trading, an increase of 224% from the previous session’s volume of 51,032 shares.The stock last traded at $2.10 and had previously closed at $2.07.
Separately, Zacks Investment Research lowered UTStarcom Holdings Corp. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 19th.
The firm’s market capitalization is $74.68 million. The firm has a 50-day moving average price of $1.94 and a 200 day moving average price of $2.00.
UTStarcom Holdings Corp. (NASDAQ:UTSI) last announced its quarterly earnings data on Friday, August 12th. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.23. During the same period last year, the company earned ($0.02) EPS. The business earned $20 million during the quarter, compared to the consensus estimate of $20 million. On average, equities research analysts forecast that UTStarcom Holdings Corp. will post $0.01 earnings per share for the current 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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