Towerstream Corp. (NASDAQ:TWER) dropped 0.4% during mid-day trading on Thursday . The company traded as low as $2.36 and last traded at $2.59, with a volume of 233,800 shares traded. The stock had previously closed at $2.58.

TWER has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Towerstream Corp. from a “sell” rating to a “hold” rating in a report on Wednesday. HC Wainwright restated a “buy” rating on shares of Towerstream Corp. in a report on Tuesday, March 22nd.

The firm’s market capitalization is $8.14 million. The firm’s 50 day moving average price is $3.28 and its 200-day moving average price is $4.10.

Towerstream Corp. (NASDAQ:TWER) last posted its earnings results on Tuesday, May 10th. The company reported ($0.08) earnings per share for the quarter, topping 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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