TheStreet Lowers UTStarcom Holdings Corp. (UTSI) to Sell
Separately, Zacks Investment Research raised shares of UTStarcom Holdings Corp. from a hold rating to a buy rating and set a $2.00 price objective for the company in a research report on Wednesday, July 20th.
UTStarcom Holdings Corp. (NASDAQ:UTSI) opened at 1.92 on Wednesday. UTStarcom Holdings Corp. has a 12 month low of $1.59 and a 12 month high of $2.92. The company has a 50-day moving average price of $2.01 and a 200 day moving average price of $1.99.
UTStarcom Holdings Corp. (NASDAQ:UTSI) last posted its quarterly earnings data on Tuesday, November 8th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The company earned $16.40 million during the quarter, compared to analysts’ expectations of $20 million. UTStarcom Holdings Corp. had a negative net margin of 11.85% and a negative return on equity of 13.15%. During the same period in the prior year, the company posted ($0.13) EPS. Equities research analysts forecast that UTStarcom Holdings Corp. will post $0.01 earnings per share for the current year.
An institutional investor recently bought a new position in UTStarcom Holdings Corp. stock. Bridgeway Capital Management Inc. purchased a new stake in UTStarcom Holdings Corp. (NASDAQ:UTSI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 90,200 shares of the company’s stock, valued at approximately $173,000. Bridgeway Capital Management Inc. owned 0.25% of UTStarcom Holdings Corp. as of its most recent SEC filing. Hedge funds and other institutional investors own 4.39% of the company’s stock.
UTStarcom Holdings Corp. Company Profile
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.
Receive News & Stock Ratings for UTStarcom Holdings Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UTStarcom Holdings Corp. and related stocks with our FREE daily email newsletter.