Key Points
- Director Sean Shao sold 6,000 shares at an average price of $2.32 on March 31 for $13,920, reducing his holding by 30.15% to 13,898 shares (worth about $32,243).
- UTStarcom reported a quarterly loss of $0.23 per share on $2.17 million in revenue.
- The stock trades around $2.39 with a 12‑month range of $1.84–$2.94 and carries an average analyst rating of Sell, including a Weiss Ratings "sell (e+)" reaffirmation.
UTStarcom Holdings Corp (NASDAQ:UTSI - Get Free Report) Director Sean Shao sold 6,000 shares of the stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $2.32, for a total transaction of $13,920.00. Following the sale, the director owned 13,898 shares of the company's stock, valued at $32,243.36. This trade represents a 30.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
UTStarcom Stock Performance
NASDAQ:UTSI opened at $2.39 on Friday. UTStarcom Holdings Corp has a 12 month low of $1.84 and a 12 month high of $2.94. The company's 50-day moving average price is $2.45 and its two-hundred day moving average price is $2.45.
UTStarcom (NASDAQ:UTSI - Get Free Report) last posted its quarterly earnings data on Tuesday, March 24th. The Wireless communications provider reported ($0.23) earnings per share for the quarter. The firm had revenue of $2.17 million for the quarter.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of UTStarcom in a report on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of "Sell".
Get Our Latest Stock Analysis on UTStarcom
About UTStarcom
(
Get Free Report)
UTStarcom, Inc (NASDAQ: UTSI) is a global provider of broadband networking and telecommunication solutions. Its product portfolio includes carrier-grade packet optical transport systems, microwave transmission equipment, mobile access radios, small cells and related software platforms. The company serves telecommunications carriers, internet service providers, enterprise networks and government agencies with end-to-end infrastructure designed to support 4G and 5G deployments, fixed broadband access and intelligent connectivity applications.
Founded in 1991, UTStarcom established its reputation in the late 1990s and early 2000s by supplying digital subscriber line access multiplexers (DSLAMs) and broadband routers to operators worldwide.
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