UTStarcom (NASDAQ:UTSI) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of UTStarcom (NASDAQ:UTSI) in a research note issued to investors on Sunday. The brokerage issued a sell rating on the Wireless communications provider’s stock.

UTStarcom Price Performance

NASDAQ:UTSI opened at $2.88 on Friday. UTStarcom has a twelve month low of $2.20 and a twelve month high of $3.79. The company’s 50-day moving average price is $2.75 and its 200-day moving average price is $2.71.

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.