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, Taiwan, and internationally. The company's products include packet transport network, packet aggregation network, multi-services access network, fiber to the X, carrier Wi-Fi solutions, and software defined network controller products. It serves telecommunications and cable service providers. The company was founded in 1991 and is based in Hangzhou, the People's Republic of China.
Analyst Upgrades and Downgrades
Separately, StockNews.com started coverage on UTStarcom in a report on Tuesday, August 9th. They set a "sell" rating for the company.
UTStarcom Price Performance
Shares of UTSI Stock traded up $0.33 on Tuesday, hitting $3.91. 1 shares of the company's stock traded hands, compared to its average volume of 5,135. The company's fifty day simple moving average is $3.68 and its 200 day simple moving average is $3.28. UTStarcom has a one year low of $2.44 and a one year high of $5.40.