UTStarcom (UTSI, Financial) recently experienced a sharp decline in its stock price, dropping 5.50% to $2.75 per share. The trading volume reached 901 shares with a turnover rate of 0.01% and a volatility of 0.69%. The company's latest financial report reveals revenue of $5.72 million, a net loss of $2.02 million, and earnings per share of -$0.22. The gross profit stood at $1.72 million, with a price-to-earnings ratio of -6.45.
Currently, there are no analyst ratings for UTStarcom, leaving investors without guidance on buying, holding, or selling the stock. Within the communications sector, where UTStarcom operates, there was an overall decline of 0.44%. However, other stocks in the industry such as Mynaric Ag, ClearOne Communications, and Franklin Wireless Corp. saw significant gains. Siyata Mobile, Inc., Akoustis Technologies, and Applied Optoelectronics were notably active, showing high turnover rates of 6.10%, 4.64%, and 2.89%, respectively.
UTStarcom Communications Corporation is a telecom infrastructure provider that focuses on developing bandwidth technology for cloud services, mobile, streaming, and other applications. The company's offerings aim to modernize telecom networks by integrating smooth network systems, reducing operational costs, and enhancing broadband access. It operates through equipment sales and service divisions, providing comprehensive support and operational assistance to clients in Mainland China, India, Japan, Taiwan, and beyond.
