UTStarcom Holdings Corp (UTSI) Getting Positive Press Coverage, Study Shows
Media coverage about UTStarcom Holdings Corp (NASDAQ:UTSI) has been trending positive on Tuesday, AlphaOne Sentiment Analysis reports. The research firm, a division of Accern, rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. UTStarcom Holdings Corp earned a news sentiment score of 0.31 on AlphaOne’s scale. AlphaOne also gave press coverage about the Wireless communications provider an impact score of 50 out of 100, meaning that recent press coverage is somewhat likely to have an impact on the company’s share price in the immediate future.
Several equities analysts have recently weighed in on the company. ValuEngine upgraded UTStarcom Holdings Corp from a “sell” rating to a “hold” rating in a research report on Tuesday, June 6th. TheStreet upgraded UTStarcom Holdings Corp from a “d” rating to a “c-” rating in a research report on Monday, April 17th. Finally, Zacks Investment Research downgraded UTStarcom Holdings Corp from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 17th.
UTStarcom Holdings Corp (UTSI) traded down 1.938% during midday trading on Tuesday, reaching $2.226. The company’s stock had a trading volume of 9,783 shares. The stock has a market capitalization of $78.78 million, a PE ratio of 79.500 and a beta of -0.34. UTStarcom Holdings Corp has a 52 week low of $1.60 and a 52 week high of $2.40. The firm’s 50-day moving average price is $2.19 and its 200-day moving average price is $1.97.
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About UTStarcom Holdings Corp
UTStarcom Holdings Corp. provides broadband products, solution and services. The Company delivers broadband transport and access (both wireless fidelity (Wi-Fi) and fixed line) products and solutions, optimized for mobile backhaul, metro aggregation, broadband access and Wi-Fi data offloading. Its segments include Equipment, which is focused on its equipment sales, including network infrastructure and application products, and Services, which is engaged in providing services and support of its equipment products and also the new operational support segment.
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