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

Garden State Investment Advisory Services LLC purchased a new position in UTStarcom Holdings Corp. (NASDAQ:UTSI) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 256,341 shares of the Wireless communications provider’s stock, valued at approximately $795,000.

UTStarcom Price Performance

Shares of UTSI traded down $0.06 on Friday, hitting $2.64. The company’s stock had a trading volume of 636 shares, compared to its average volume of 10,306. The firm’s fifty day moving average price is $2.83 and its 200-day moving average price is $2.77. UTStarcom Holdings Corp. has a fifty-two week low of $2.20 and a fifty-two week high of $3.54.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on UTStarcom in a research note on Thursday. They set a “sell” rating on the stock.

About UTStarcom

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.