Shares of UTStarcom Holdings Corp. (NASDAQ:UTSI) dropped 3.3% on Thursday . The stock traded as low as $2.05 and last traded at $2.05, with a volume of 61,691 shares. The stock had previously closed at $2.12.

Separately, Zacks Investment Research upgraded shares of UTStarcom Holdings Corp. from a “strong sell” rating to a “hold” rating and set a $2.25 price target for the company in a research report on Tuesday, May 17th.

The firm’s market capitalization is $75.40 million. The company’s 50 day moving average is $1.97 and its 200-day moving average is $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, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.23. The business earned $20 million during the quarter, compared to analysts’ expectations of $20 million. During the same quarter in the previous year, the business posted ($0.02) EPS. 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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