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

StockNews.com assumed coverage on shares of UTStarcom (NASDAQ:UTSI) in a report published on Sunday. The brokerage issued a sell rating on the Wireless communications provider’s stock.

UTStarcom Stock Performance

UTStarcom stock opened at $2.63 on Friday. UTStarcom has a 12 month low of $2.20 and a 12 month high of $3.70. The stock’s 50-day moving average is $2.86 and its 200-day moving average is $2.77.

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.