Zacks Investment Research cut shares of UTStarcom Holdings Corp. (NASDAQ:UTSI) from a hold rating to a sell rating in a research note released on Tuesday.

According to Zacks, “UTStarcom Holdings Corp. is engaged in providing interactive Protocol based network solutions. The Company also provides integration and support services in Internet Protocol TV, Interactive TV, Internet TV and Broadband for cable and telecom operators. It designs and sells IP-based telecommunications infrastructure products including its primary product suite of IPTV, and broadband solutions along with the services relating to the installation, operation and maintenance of these products. UTStarcom Holdings Corp., formerly known as UTStarcom, Inc., is headquartered in Beijing, China. “

Separately, TheStreet downgraded UTStarcom Holdings Corp. from a hold rating to a sell rating in a research report on Wednesday, November 9th.

UTStarcom Holdings Corp. (NASDAQ:UTSI) traded up 0.49% on Tuesday, reaching $2.04. The company had a trading volume of 32,529 shares. UTStarcom Holdings Corp. has a 12 month low of $1.59 and a 12 month high of $2.92. The stock has a 50 day moving average of $2.01 and a 200 day moving average of $1.99.

UTStarcom Holdings Corp. (NASDAQ:UTSI) last issued its earnings results on Tuesday, November 8th. The company reported ($0.04) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.01. UTStarcom Holdings Corp. had a negative return on equity of 13.15% and a negative net margin of 11.85%. The company earned $16.40 million during the quarter, compared to the consensus estimate of $20 million. During the same quarter in the prior year, the business earned ($0.13) earnings per share. On average, equities research analysts expect that UTStarcom Holdings Corp. will post $0.01 EPS for the current fiscal year.

A hedge fund recently bought a new stake 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 Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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. at the end of the most recent quarter. Hedge funds and other institutional investors own 4.26% of the company’s stock.

About UTStarcom Holdings Corp.

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.

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