UTStarcom (NASDAQ:UTSI) issued its quarterly earnings data on Friday. The Wireless communications provider reported ($0.09) EPS for the quarter, RTT News reports.
UTStarcom (NASDAQ UTSI) opened at $5.25 on Friday. UTStarcom has a 1-year low of $1.72 and a 1-year high of $6.51. The company has a market cap of $208.80, a price-to-earnings ratio of 294.50 and a beta of 0.17.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Millennium Management LLC bought a new position in UTStarcom in the 4th quarter worth $235,000. Deutsche Bank AG raised its holdings in UTStarcom by 11.9% in the 4th quarter. Deutsche Bank AG now owns 114,265 shares of the Wireless communications provider’s stock worth $642,000 after purchasing an additional 12,156 shares in the last quarter. Renaissance Technologies LLC raised its holdings in UTStarcom by 13.8% in the 4th quarter. Renaissance Technologies LLC now owns 1,175,097 shares of the Wireless communications provider’s stock worth $6,616,000 after purchasing an additional 142,100 shares in the last quarter. Geode Capital Management LLC raised its holdings in UTStarcom by 337.0% in the 4th quarter. Geode Capital Management LLC now owns 93,044 shares of the Wireless communications provider’s stock worth $522,000 after purchasing an additional 71,754 shares in the last quarter. Finally, Navellier & Associates Inc bought a new position in UTStarcom in the 4th quarter worth $259,000. Institutional investors and hedge funds own 27.34% of the company’s stock.
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UTStarcom Company Profile
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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