Garden State Investment Advisory Services LLC bought a new stake in UTStarcom Holdings Corp. (NASDAQ:UTSI – Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 256,341 shares of the Wireless communications provider’s stock, valued at approximately $795,000. Garden State Investment Advisory Services LLC owned approximately 2.72% of UTStarcom at the end of the most recent quarter.
UTStarcom Stock Down 0.3 %
UTSI opened at $2.99 on Monday. UTStarcom Holdings Corp. has a twelve month low of $2.20 and a twelve month high of $3.66. The firm’s 50-day simple moving average is $2.87 and its 200-day simple moving average is $2.78.
Wall Street Analysts Forecast Growth
Separately, StockNews.com began coverage on UTStarcom in a research report on Tuesday, November 26th. They set a “sell” rating for the company.
UTStarcom 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.
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