Shares of UTStarcom Holdings Corp. (NASDAQ:UTSI) have been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokerages have set a 12 month consensus target price of $3.50 for the company and are predicting that the company will post ($0.05) earnings per share for the current quarter, according to Zacks. Zacks has also given UTStarcom Holdings Corp. an industry rank of 79 out of 265 based on the ratings given to its competitors.
A number of research firms have commented on UTSI. Zacks Investment Research raised shares of UTStarcom Holdings Corp. from a “hold” rating to a “strong-buy” rating and set a $2.50 target price for the company in a report on Friday, August 19th. TheStreet raised shares of UTStarcom Holdings Corp. from a “sell” rating to a “hold” rating in a report on Friday, September 9th.
An institutional investor recently bought a new position in UTStarcom Holdings Corp. stock. Bridgeway Capital Management Inc. bought a new position in UTStarcom Holdings Corp. (NASDAQ:UTSI) during the second quarter, according to its most recent filing with the SEC. The firm bought 90,200 shares of the company’s stock, valued at approximately $173,000. Bridgeway Capital Management Inc. owned about 0.25% of UTStarcom Holdings Corp. as of its most recent SEC filing. 4.39% of the stock is owned by institutional investors.
Shares of UTStarcom Holdings Corp. (NASDAQ:UTSI) traded down 1.52% during mid-day trading on Monday, hitting $1.94. The company had a trading volume of 24,116 shares. UTStarcom Holdings Corp. has a one year low of $1.59 and a one year high of $2.92. The firm’s 50-day moving average price is $2.04 and its 200 day moving average price is $1.98.
UTStarcom Holdings Corp. (NASDAQ:UTSI) last posted its quarterly earnings data on Friday, August 12th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.23. UTStarcom Holdings Corp. had a negative net margin of 13.93% and a negative return on equity of 16.27%. The firm earned $20 million during the quarter, compared to analysts’ expectations of $20 million. During the same quarter in the previous year, the company posted ($0.02) EPS. Analysts anticipate that UTStarcom Holdings Corp. will post $0.01 EPS for the current year.
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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