StockNews.com Begins Coverage on UTStarcom (NASDAQ:UTSI)

StockNews.com started coverage on shares of UTStarcom (NASDAQ:UTSI) in a report issued on Wednesday. The firm issued a sell rating on the Wireless communications provider’s stock.

UTStarcom Stock Performance

Shares of UTSI opened at $2.75 on Wednesday. The company’s fifty day moving average is $2.72 and its 200-day moving average is $3.10. UTStarcom has a 12 month low of $2.40 and a 12 month high of $4.15.

About UTStarcom

UTStarcom Holdings Corp. operates as a telecom infrastructure provider to develop technology for bandwidth from cloud-based services, mobile, streaming, and other applications in China, India, Japan, and internationally. Its products include converged packet transport, disaggregated router platform, packet transport network, packet aggregation network, multi-services access network, fiber to the X, carrier Wi-Fi solutions, and software defined network controller products.