Towerstream Corp. (TWER) Shares Up 4.6%
Towerstream Corp. (NASDAQ:TWER) shares shot up 4.6% during trading on Tuesday . The stock traded as high as $2.86 and last traded at $2.71, with a volume of 845,758 shares changing hands. The stock had previously closed at $2.59.
Separately, Zacks Investment Research lowered Towerstream Corp. from a “buy” rating to a “sell” rating in a research report on Wednesday, May 25th.
The firm’s market cap is $8.91 million. The stock has a 50 day moving average price of $3.13 and a 200 day moving average price of $3.90.
Towerstream Corp. (NASDAQ:TWER) last posted its quarterly earnings data on Tuesday, May 10th. The company reported ($0.08) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.03. On average, equities research 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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