Somewhat Critical Press Coverage Somewhat Unlikely to Affect UTStarcom Holdings Corp (UTSI) Share Price
News headlines about UTStarcom Holdings Corp (NASDAQ:UTSI) have been trending somewhat negative this week, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. UTStarcom Holdings Corp earned a media sentiment score of -0.03 on Accern’s scale. Accern also gave headlines about the Wireless communications provider an impact score of 45.9451100179983 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of UTStarcom Holdings Corp (UTSI) traded down 1.92% during midday trading on Monday, reaching $2.04. The company’s stock had a trading volume of 13,338 shares. UTStarcom Holdings Corp has a 52 week low of $1.60 and a 52 week high of $2.40. The stock has a market capitalization of $72.19 million, a price-to-earnings ratio of 72.86 and a beta of -0.34. The company has a 50 day moving average of $2.20 and a 200-day moving average of $2.03.
A number of equities analysts recently issued reports on the company. Zacks Investment Research lowered UTStarcom Holdings Corp from a “buy” rating to a “hold” rating in a research note on Friday, July 14th. ValuEngine upgraded UTStarcom Holdings Corp from a “sell” rating to a “hold” rating in a research note on Tuesday, June 6th. Finally, TheStreet raised UTStarcom Holdings Corp from a “d” rating to a “c-” rating in a research report on Monday, April 17th.
About UTStarcom Holdings Corp
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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