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

StockNews.com began coverage on shares of UTStarcom (NASDAQ:UTSI) in a research report issued on Tuesday. The firm set a “sell” rating on the Wireless communications provider’s stock.

UTStarcom Stock Up 0.4 %

UTSI opened at $2.66 on Tuesday. The company has a 50 day moving average of $2.74 and a 200 day moving average of $3.14. UTStarcom has a 12 month low of $2.40 and a 12 month high of $4.31.

Institutional Inflows and Outflows

An institutional investor recently raised its position in UTStarcom stock. Susquehanna International Group LLP raised its position in UTStarcom Holdings Corp. (NASDAQ:UTSI) by 24.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,061 shares of the Wireless communications provider’s stock after purchasing an additional 2,948 shares during the period. Susquehanna International Group LLP owned 0.16% of UTStarcom worth $61,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 1.83% of the company’s stock.

UTStarcom Company Profile

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.