UTStarcom (NASDAQ:UTSI) posted its earnings results on Tuesday. The Wireless communications provider reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.09) by $0.14, RTT News reports. UTStarcom had a return on equity of 1.45% and a net margin of 1.25%. During the same period in the prior year, the firm earned $0.01 earnings per share. UTStarcom updated its Q3 2019 guidance to EPS.
Shares of UTSI stock opened at $2.90 on Wednesday. The firm has a market capitalization of $102.57 million, a PE ratio of 20.71 and a beta of 0.85. The company has a 50-day moving average of $3.02. The company has a current ratio of 2.12, a quick ratio of 1.96 and a debt-to-equity ratio of 0.02. UTStarcom has a 1-year low of $2.59 and a 1-year high of $4.11.
Several brokerages have recently weighed in on UTSI. ValuEngine raised UTStarcom from a “hold” rating to a “buy” rating in a research note on Friday, July 12th. TheStreet cut UTStarcom from a “c+” rating to a “d+” rating in a research note on Wednesday, May 15th. Finally, Zacks Investment Research cut UTStarcom from a “buy” rating to a “hold” rating in a research note on Saturday.
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.
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