Towerstream Corp. (TWER) Sees Large Volume Increase
Shares of Towerstream Corp. (NASDAQ:TWER) saw unusually-strong trading volume on Tuesday . Approximately 3,461,912 shares traded hands during trading, an increase of 237% from the previous session’s volume of 1,028,372 shares.The stock last traded at $3.22 and had previously closed at $2.48.
A number of equities research analysts have commented on TWER shares. HC Wainwright reissued a “buy” rating on shares of Towerstream Corp. in a report 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 on the stock in a report on Wednesday, April 20th.
The stock’s market capitalization is $10.75 million. The firm’s 50-day moving average price is $3.23 and its 200 day moving average price is $4.01.
Towerstream Corp. (NASDAQ:TWER) last issued its quarterly earnings results on Tuesday, May 10th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.03. Equities research analysts forecast 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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