Towerstream Corp. (NASDAQ:TWER)’s share price shot up 1.4% on Wednesday . The stock traded as high as $2.27 and last traded at $2.22, with a volume of 79,084 shares changing hands. The stock had previously closed at $2.19.

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 firm has a 50-day moving average price of $2.49 and a 200 day moving average price of $3.45. The firm’s market capitalization is $10.05 million.

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