Towerstream Corp. (TWER) Sees Strong Trading Volume
Shares of Towerstream Corp. (NASDAQ:TWER) saw unusually-strong trading volume on Wednesday . Approximately 1,228,761 shares were traded during trading, an increase of 79% from the previous session’s volume of 688,150 shares.The stock last traded at $2.73 and had previously closed at $2.80.
A number of equities analysts recently commented on TWER shares. HC Wainwright reissued a “buy” rating on shares of Towerstream Corp. in a research note on Tuesday, March 22nd. Zacks Investment Research raised Towerstream Corp. from a “hold” rating to a “buy” rating and set a $0.25 price target for the company in a research note on Wednesday, April 20th.
The stock’s 50 day moving average price is $3.42 and its 200 day moving average price is $4.16. The company’s market cap is $8.64 million.
Towerstream Corp. (NASDAQ:TWER) last released its quarterly earnings data on Tuesday, May 10th. The company reported ($0.08) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.03. Analysts predict that Towerstream Corp. will post ($6.60) EPS for the current year.
Towerstream Corporation (Towerstream) is a fourth generation (4G) and small cell rooftop tower company. The Company provides a range of Wireless communication services through its two business segments: Fixed Wireless Services Segment and Shared Wireless Infrastructure Segment. The Company’s fixed Wireless service supports bandwidth on demand, Wireless redundancy, virtual private networks, disaster recovery, bundled data and video services.
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