UTStarcom (UTSI, Financial) experienced a significant stock price drop of 15.88%, bringing it down to $2.49 per share. The trading volume recorded was 1,011 shares with a turnover rate of 0.01%. The company's recent financial report revealed an operating revenue of $5.72 million, a net loss of $2.02 million, and an earnings per share of -$0.22. The gross profit stood at $1.72 million, with a price-to-earnings ratio of -6.75. Currently, there are no institutional ratings available for this stock.
UTStarcom operates within the telecommunications sector, which saw an overall decline of 0.08%. In contrast, some stocks in the same sector, such as Siyata Mobile, Inc. and Mobilicom Ltd, showed notable gains. Siyata Mobile, Inc. and Mobilicom Ltd also exhibited high activity levels with turnover rates of 27.88% and 15.39%, respectively. Additionally, stocks like Amplitech Group Inc., Siyata Mobile, Inc., and Baosilai displayed significant volatility.
UTStarcom Communications Co. is a provider of telecommunications infrastructure, focusing on bandwidth technologies for cloud services, mobile, streaming, and other applications. The company aims to enhance and modernize telecom networks through seamless integration, reduced operational costs, and increased broadband access. It operates through equipment and services segments, selling network infrastructure and application products while offering support services to its customers. UTStarcom has operations in mainland China, India, Japan, Taiwan, and other regions.
