UTStarcom Holdings Corp. (UTSI) Shares Down 3.3%
UTStarcom Holdings Corp. (NASDAQ:UTSI) shares dropped 3.3% during mid-day trading on Thursday . The company traded as low as $2.05 and last traded at $2.05, with a volume of 61,691 shares changing hands. 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 objective for the company in a report on Tuesday, May 17th.
The stock’s 50-day moving average price is $1.98 and its 200 day moving average price is $1.99. The stock’s market capitalization is $75.04 million.
UTStarcom Holdings Corp. (NASDAQ:UTSI) last posted its quarterly earnings data on Friday, August 12th. The company reported $0.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.23. The firm had revenue of $20 million for the quarter, compared to the consensus estimate of $20 million. During the same period in the prior year, the company earned ($0.02) EPS. On average, equities analysts forecast that UTStarcom Holdings Corp. will post $0.01 EPS 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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