Towerstream Corp. (TWER) Shares Up 2.9%
Towerstream Corp. (NASDAQ:TWER)’s share price shot up 2.9% during trading on Monday . The stock traded as high as $2.58 and last traded at $2.50, with a volume of 58,710 shares traded. The stock had previously closed at $2.43.
Several research firms recently commented on TWER. Zacks Investment Research downgraded Towerstream Corp. from a “buy” rating to a “sell” rating in a research report on Wednesday, May 25th. HC Wainwright restated a “buy” rating on shares of Towerstream Corp. in a research report on Tuesday, March 22nd.
The stock’s 50-day moving average is $3.28 and its 200 day moving average is $4.10. The firm’s market capitalization is $8.31 million.
Towerstream Corp. (NASDAQ:TWER) last released its quarterly earnings data on Tuesday, May 10th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.03. Analysts expect that Towerstream Corp. will post ($6.60) earnings per share 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.