Schneider Capital Management Corp lowered its holdings in UTStarcom Holdings Corp (NASDAQ:UTSI) by 82.0% in the 1st quarter, reports. The institutional investor owned 17,355 shares of the Wireless communications provider’s stock after selling 79,200 shares during the period. Schneider Capital Management Corp’s holdings in UTStarcom were worth $64,000 at the end of the most recent quarter.

Several brokerages have recently issued reports on UTSI. Zacks Investment Research raised UTStarcom from a “sell” rating to a “hold” rating in a research report on Thursday, May 16th. TheStreet lowered UTStarcom from a “c+” rating to a “d+” rating in a research report on Wednesday, May 15th. Finally, ValuEngine lowered UTStarcom from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st.

Shares of NASDAQ:UTSI opened at $3.14 on Friday. UTStarcom Holdings Corp has a 52-week low of $2.59 and a 52-week high of $4.69. The company has a market capitalization of $113.26 million, a PE ratio of 79.50 and a beta of 0.90. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.12 and a quick ratio of 1.96.

UTStarcom (NASDAQ:UTSI) last announced its earnings results on Friday, May 10th. The Wireless communications provider reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.06. UTStarcom had a return on equity of 1.45% and a net margin of 1.25%. The firm had revenue of $24.65 million during the quarter, compared to analyst estimates of $22.50 million. During the same quarter in the prior year, the company earned ($0.09) EPS. Equities research analysts forecast that UTStarcom Holdings Corp will post -0.1 EPS for the current year.

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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 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.

Further Reading: Cash Asset Ratio

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