UTStarcom Holdings Corp (UTSI) Given Daily Coverage Optimism Rating of 0.07
News coverage about UTStarcom Holdings Corp (NASDAQ:UTSI) has trended somewhat positive on Monday, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. UTStarcom Holdings Corp earned a news impact score of 0.07 on Accern’s scale. Accern also assigned news stories about the Wireless communications provider an impact score of 46.1788996332771 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of UTStarcom Holdings Corp (NASDAQ:UTSI) traded down $0.05 during midday trading on Monday, hitting $3.17. 50,500 shares of the company’s stock traded hands, compared to its average volume of 132,258. UTStarcom Holdings Corp has a 12 month low of $1.60 and a 12 month high of $3.22. The stock has a market capitalization of $115.21, a P/E ratio of 161.00 and a beta of -0.25.
Several analysts have issued reports on the stock. Zacks Investment Research raised shares of UTStarcom Holdings Corp from a “hold” rating to a “buy” rating and set a $3.50 price target on the stock in a report on Wednesday, October 18th. ValuEngine downgraded shares of UTStarcom Holdings Corp from a “hold” rating to a “sell” rating in a report on Thursday, August 17th.
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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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