Utstarcom Holdings C (NASDAQ:UTSI) is at overbought status with an RSI(14) at 91.33 .
The Relative Strength Index (RSI) is a recognized technical indicator used to evaluate strengthening and weakening momentum in stock price. An RSI above 70 is an overbought indication with RSI’s under 30 indicating oversold. Overbought is a condition that occurs when prices are considered too high and may be susceptible to a decline.
Utstarcom Holdings C’s beta is at -0.25 so it is less volatile than the market as a whole. Stocks with a beta lower than the market are less risky and those with a higher beta are more risky than the market over the long haul.
The stock’s Average True Range (ATR) is sitting at 0.16. The ATR is an indicator of volatility. A high or low ATR doesn’t tell you which way a stock will move but is a signal that it is likely to move.
Short traders are more bullish on shares of the company lately if you take into consideration the change in short interest. The company saw a fall in short interest from September 29, 2017 to October 13, 2017 of -39.13%. Short interest fell 30,158 over that period. The short-interest ratio decreased to 0.0 and the short interest percentage is 0.00% as of October 13.
The company currently has a P/E ratio of 140.65 and market cap is 135.77M. In the last earnings report the EPS was $0.03 with 35.22M shares presently outstanding.
UTStarcom Holdings Corp., incorporated in April 1, 2011, is involved in providing broadband products, solution and services. The Company is a global telecom infrastructure provider, and is focused on delivering 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 and Services. The broadband product lines include family of packet transport network (PTN) products based on multi-protocol label switch transport profile (MPLS-TP) and carrier Ethernet (CE) technologies enhanced through in-house software-defined networking (SDN) platform to support the network evolution, and multi services access network (MSAN) platform. Wireless broadband access is represented by end-to-end Carrier Wi-Fi solution..