Garden State Investment Advisory Services LLC Purchases Shares of 256,341 UTStarcom Holdings Corp. (NASDAQ:UTSI)

Garden State Investment Advisory Services LLC acquired a new position in shares of UTStarcom Holdings Corp. (NASDAQ:UTSI) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 256,341 shares of the Wireless communications provider’s stock, valued at approximately $795,000.

UTStarcom Stock Performance

Shares of UTSI opened at $2.99 on Monday. The company’s fifty day simple moving average is $2.87 and its 200 day simple moving average is $2.78. UTStarcom Holdings Corp. has a 1-year low of $2.20 and a 1-year high of $3.66.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on UTStarcom in a research report on Tuesday, November 26th. They issued a “sell” rating on the stock.

UTStarcom Company 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.