Towerstream Corp. (NASDAQ:TWER) shares dropped 0% on Friday . The company traded as low as $2.10 and last traded at $2.39, with a volume of 326,153 shares changing hands. The stock had previously closed at $2.39.

TWER has been the topic of a number of recent research reports. HC Wainwright reaffirmed a “buy” rating on shares of Towerstream Corp. in a research note on Tuesday, March 22nd. Zacks Investment Research raised shares of Towerstream Corp. from a “hold” rating to a “buy” rating and set a $0.25 price objective on the stock in a research note on Wednesday, April 20th.

The company’s 50-day moving average is $3.60 and its 200 day moving average is $4.27. The stock’s market capitalization is $156.98 million.

Towerstream Corp. (NASDAQ:TWER) last posted its earnings results on Tuesday, May 10th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.03. Equities analysts forecast 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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