Shares of UTStarcom Holdings Corp (NASDAQ:UTSI) hit a new 52-week high during trading on Tuesday . The company traded as high as $3.22 and last traded at $3.17, with a volume of 53800 shares changing hands. The stock had previously closed at $3.18.
UTSI has been the subject of a number of research analyst reports. ValuEngine downgraded UTStarcom Holdings Corp from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Zacks Investment Research raised UTStarcom Holdings Corp from a “hold” rating to a “buy” rating and set a $3.50 price objective for the company in a report on Wednesday, October 18th.
The firm has a market cap of $117.93, a price-to-earnings ratio of 158.50 and a beta of -0.25.
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UTStarcom Holdings Corp Company Profile
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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