UTStarcom (NASDAQ:UTSI) Stock Crosses Above 200 Day Moving Average – Here’s Why

UTStarcom Holdings Corp (NASDAQ:UTSIGet Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.45 and traded as high as $2.51. UTStarcom shares last traded at $2.4660, with a volume of 4,393 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of UTStarcom in a research note on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, UTStarcom currently has a consensus rating of “Sell”.

Read Our Latest Report on UTSI

UTStarcom Stock Performance

The company’s 50 day moving average price is $2.43 and its two-hundred day moving average price is $2.45.

UTStarcom (NASDAQ:UTSIGet Free Report) last posted its quarterly earnings results on Tuesday, March 24th. The Wireless communications provider reported ($0.23) earnings per share for the quarter. The firm had revenue of $2.17 million for the quarter.

UTStarcom Company Profile

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UTStarcom, Inc (NASDAQ: UTSI) is a global provider of broadband networking and telecommunication solutions. Its product portfolio includes carrier-grade packet optical transport systems, microwave transmission equipment, mobile access radios, small cells and related software platforms. The company serves telecommunications carriers, internet service providers, enterprise networks and government agencies with end-to-end infrastructure designed to support 4G and 5G deployments, fixed broadband access and intelligent connectivity applications.

Founded in 1991, UTStarcom established its reputation in the late 1990s and early 2000s by supplying digital subscriber line access multiplexers (DSLAMs) and broadband routers to operators worldwide.

Further Reading

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