UTStarcom Holdings Corp. (UTSI) Trading Down 3.4%
UTStarcom Holdings Corp. (NASDAQ:UTSI)’s share price fell 3.4% during trading on Monday . The stock traded as low as $2.00 and last traded at $2.01, with a volume of 68,573 shares changing hands. The stock had previously closed at $2.08.
Separately, Zacks Investment Research raised shares of UTStarcom Holdings Corp. from a “hold” rating to a “strong-buy” rating and set a $2.50 target price on the stock in a research note on Friday.
The stock has a 50-day moving average of $1.95 and a 200 day moving average of $1.99. The firm’s market cap is $72.89 million.
UTStarcom Holdings Corp. (NASDAQ:UTSI) last announced its quarterly earnings results on Friday, August 12th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.23. The business earned $20 million during the quarter, compared to the consensus estimate of $20 million. During the same period last year, the firm earned ($0.02) EPS. Equities analysts expect that UTStarcom Holdings Corp. will post $0.01 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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