Towerstream Corp. (NASDAQ:TWER) shares fell 4% during trading on Wednesday . The company traded as low as $2.95 and last traded at $3.08, with a volume of 3,707,461 shares trading hands. The stock had previously closed at $3.21.

Separately, Zacks Investment Research upgraded Towerstream Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th.

The company’s market cap is $10.31 million. The stock has a 50-day moving average of $3.21 and a 200-day moving average of $4.00.

Towerstream Corp. (NASDAQ:TWER) last issued its quarterly earnings results 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. Equities research analysts anticipate that Towerstream Corp. will post ($6.60) earnings per share for the current fiscal 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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