Towerstream Corp. (TWER) Shares Down 2.4%
Towerstream Corp. (NASDAQ:TWER) traded down 2.4% during trading on Monday . The company traded as low as $2.60 and last traded at $2.79, with a volume of 284,813 shares changing hands. The stock had previously closed at $2.86.
Separately, Zacks Investment Research downgraded shares of Towerstream Corp. from a “buy” rating to a “sell” rating in a research report on Wednesday, May 25th.
The company’s 50-day moving average price is $2.81 and its 200-day moving average price is $3.74. The company’s market cap is $9.14 million.
Towerstream Corp. (NASDAQ:TWER) last posted its earnings results on Tuesday, May 10th. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.03. On average, analysts predict 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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