Research analysts at StockNews.com initiated coverage on shares of UTStarcom (NASDAQ:UTSI – Get Rating) in a research report issued to clients and investors on Saturday. The brokerage set a "sell" rating on the Wireless communications provider's stock.
UTStarcom Stock Down 4.4 %
Shares of NASDAQ UTSI opened at $3.91 on Friday. UTStarcom has a 1 year low of $2.44 and a 1 year high of $5.03. The stock's 50-day simple moving average is $4.17 and its 200-day simple moving average is $4.17.
Get UTStarcom alerts:Institutional Trading of UTStarcom
An institutional investor recently bought a new position in UTStarcom stock. Susquehanna International Group LLP bought a new position in shares of UTStarcom Holdings Corp. (NASDAQ:UTSI – Get Rating) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 12,113 shares of the Wireless communications provider's stock, valued at approximately $43,000. Susquehanna International Group LLP owned about 0.13% of UTStarcom as of its most recent filing with the Securities and Exchange Commission (SEC). 3.14% of the stock is currently owned by hedge funds and other institutional investors.
UTStarcom Company Profile
(Get Rating)
UTStarcom Holdings Corp. is a telecom infrastructure company, which develops technology for cloud-based services, mobile, streaming, and other applications. It operates through the following segments: Equipment, and Services. The Equipment segment focuses on equipment sales including network infrastructure and application products, which include broadband products, wireless infrastructure technologies.
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