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

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

UTStarcom Stock Down 1.5 %

Shares of NASDAQ UTSI opened at $2.59 on Tuesday. UTStarcom has a twelve month low of $2.40 and a twelve month high of $4.15. The business has a fifty day simple moving average of $2.73 and a two-hundred day simple moving average of $3.13.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in UTStarcom stock. Susquehanna International Group LLP boosted its stake in shares of UTStarcom Holdings Corp. (NASDAQ:UTSI) by 24.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,061 shares of the Wireless communications provider’s stock after buying an additional 2,948 shares during the period. Susquehanna International Group LLP owned 0.16% of UTStarcom worth $61,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 1.83% of the company’s stock.

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.