Shares of Towerstream Corp. (NASDAQ:TWER) rose 7.1% during mid-day trading on Wednesday . The stock traded as high as $2.43 and last traded at $2.40, with a volume of 262,135 shares trading hands. The stock had previously closed at $2.24.

Separately, Zacks Investment Research lowered Towerstream Corp. from a “buy” rating to a “sell” rating in a research note on Wednesday, May 25th.

The stock’s market cap is $10.42 million. The firm has a 50-day moving average price of $2.52 and a 200 day moving average price of $3.50.

Towerstream Corp. (NASDAQ:TWER) last issued its earnings results on Tuesday, August 9th. The company reported ($1.38) EPS for the quarter, beating analysts’ consensus estimates of ($1.60) by $0.22. Equities research analysts expect that Towerstream Corp. will post ($5.77) EPS for the current year.

Towerstream Corporation is a provider of fixed wireless services to businesses in over 10 urban markets across the United States. The Company operates through Fixed Wireless Services (Fixed Wireless) segment. Its fixed wireless service supports bandwidth on demand, wireless redundancy, virtual private networks, disaster recovery, bundled data and video services.

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