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

UTStarcom Holdings Corp (NASDAQ:UTSI)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.45 and traded as high as $2.49. UTStarcom shares last traded at $2.4410, with a volume of 4,249 shares changing hands.

Wall Street Analysts Forecast Growth

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

UTStarcom Stock Down 0.6%

The business has a fifty day moving average price of $2.45 and a 200 day moving average price of $2.45.

UTStarcom (NASDAQ:UTSI) last issued its earnings results on Tuesday, March 24th. The Wireless communications provider reported ($0.23) earnings per share (EPS) for the quarter. The firm had revenue of $2.17 million during the quarter.

About UTStarcom

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.