Key Points
- UTStarcom Director Sean Shao sold 14,533 shares at an average price of $2.38, generating proceeds of $34,588.54. His remaining direct ownership fell to 10,000 shares, a 59.24% decrease.
- UTStarcom shares opened at $2.35, below their 50-day moving average of $2.48 and 200-day moving average of $2.52. The stock has traded between $2.00 and $3.63 over the past year.
- Analyst sentiment remains negative: Weiss Ratings reiterated a “sell (D-)” rating, and the sole analyst tracked by MarketBeat rates the stock “Sell.”
UTStarcom Holdings Corp (NASDAQ:UTSI - Get Free Report) Director Sean Shao sold 14,533 shares of the firm's stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $2.38, for a total transaction of $34,588.54. Following the completion of the transaction, the director directly owned 10,000 shares in the company, valued at approximately $23,800. This represents a 59.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
UTStarcom Stock Performance
Shares of NASDAQ:UTSI opened at $2.35 on Friday. The business has a fifty day moving average of $2.48 and a two-hundred day moving average of $2.52. UTStarcom Holdings Corp has a 52-week low of $2.00 and a 52-week high of $3.63.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of UTStarcom in a report on Tuesday, June 9th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of "Sell".
Get Our Latest Analysis on UTStarcom
UTStarcom Company Profile
(
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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