Towerstream Corp. (TWER) Trading 7.6% Higher
Towerstream Corp. (NASDAQ:TWER)’s share price traded up 7.6% during mid-day trading on Thursday . The company traded as high as $2.69 and last traded at $2.69, with a volume of 186,045 shares trading hands. The stock had previously closed at $2.50.
Separately, Zacks Investment Research upgraded shares of Towerstream Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th.
The stock’s 50-day moving average is $2.81 and its 200 day moving average is $3.74. The company’s market cap is $9.58 million.
Towerstream Corp. (NASDAQ:TWER) last issued 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. On average, equities analysts forecast that Towerstream Corp. will post ($6.60) EPS 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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