UTStarcom Holdings Corp (NASDAQ:UTSI) was upgraded by research analysts at TheStreet from a “d” rating to a “c-” rating in a research report issued to clients and investors on Monday, April 17th.
Separately, Zacks Investment Research raised UTStarcom Holdings Corp from a “sell” rating to a “hold” rating in a research report on Friday, January 6th.
UTStarcom Holdings Corp (NASDAQ:UTSI) traded up 2.39% on Monday, hitting $2.14. The company’s stock had a trading volume of 35,770 shares. UTStarcom Holdings Corp has a 1-year low of $1.60 and a 1-year high of $2.40. The company has a market capitalization of $75.73 million, a P/E ratio of 76.43 and a beta of -0.06. The company has a 50 day moving average price of $2.04 and a 200-day moving average price of $1.93.
A hedge fund recently raised its stake in UTStarcom Holdings Corp stock. Renaissance Technologies LLC increased its position in shares of UTStarcom Holdings Corp (NASDAQ:UTSI) by 3.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 815,197 shares of the Wireless communications provider’s stock after buying an additional 30,600 shares during the period. Renaissance Technologies LLC owned 2.30% of UTStarcom Holdings Corp worth $1,630,000 at the end of the most recent reporting period. 24.75% of the stock is currently owned by institutional investors and hedge funds.
About UTStarcom Holdings Corp
UTStarcom Holdings Corp. provides broadband products, solution and services. The Company delivers broadband transport and access (both wireless fidelity (Wi-Fi) and fixed line) products and solutions, optimized for mobile backhaul, metro aggregation, broadband access and Wi-Fi data offloading. Its segments include Equipment, which is focused on its equipment sales, including network infrastructure and application products, and Services, which is engaged in providing services and support of its equipment products and also the new operational support segment.
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