UTStarcom Holdings Corp (NASDAQ:UTSI) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokerages have set a twelve-month consensus price target of $5.50 for the company and are expecting that the company will post ($0.02) EPS for the current quarter, according to Zacks. Zacks has also assigned UTStarcom an industry rank of 70 out of 257 based on the ratings given to related companies.
Separately, Zacks Investment Research downgraded UTStarcom from a “hold” rating to a “sell” rating in a research report on Saturday, November 17th.
Shares of NASDAQ:UTSI traded up $0.07 during trading on Friday, hitting $2.97. 20,800 shares of the company were exchanged, compared to its average volume of 53,855. The company has a market cap of $107.58 million, a P/E ratio of 13.50 and a beta of 0.31. UTStarcom has a 52-week low of $2.84 and a 52-week high of $6.51.
UTStarcom (NASDAQ:UTSI) last posted its earnings results on Friday, November 9th. The Wireless communications provider reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. The firm had revenue of $52.09 million for the quarter, compared to the consensus estimate of $40.50 million. UTStarcom had a return on equity of 2.79% and a net margin of 2.09%. During the same quarter in the prior year, the business posted ($0.04) earnings per share. Equities analysts forecast that UTStarcom will post 0.15 earnings per share for the current year.
An institutional investor recently raised its position in UTStarcom stock. Renaissance Technologies LLC grew its stake in shares of UTStarcom Holdings Corp (NASDAQ:UTSI) by 1.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,184,497 shares of the Wireless communications provider’s stock after acquiring an additional 17,000 shares during the period. Renaissance Technologies LLC owned 3.34% of UTStarcom worth $4,833,000 at the end of the most recent reporting period. Institutional investors own 4.29% of the company’s stock.
UTStarcom Holdings Corp. operates as a telecom infrastructure provider to develop technology for bandwidth from cloud-based services, mobile, streaming, and other applications worldwide. The company helps network operators to offer communication services for its customers. Its products line include various platforms that leverage its expertise in packet optical communications, routing and switching technologies, broadband access, wireless communications, and synchronization.
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