Towerstream Corp. (TWER) Shares Gap Up to $0.14
Towerstream Corp. (NASDAQ:TWER) shares gapped up prior to trading on Thursday . The stock had previously closed at ($2.07), but opened at $0.14. Towerstream Corp. shares last traded at $2.44, with a volume of 363,751 shares traded.
Several brokerages have recently commented on TWER. Zacks Investment Research raised Towerstream Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, June 21st. HC Wainwright reissued a “buy” rating on shares of Towerstream Corp. in a report on Tuesday, March 22nd.
The stock has a 50-day moving average of $3.60 and a 200-day moving average of $4.27. The stock’s market cap is $156.98 million.
Towerstream Corp. (NASDAQ:TWER) last released its quarterly earnings results on Tuesday, May 10th. The company reported ($0.08) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.03. On average, analysts expect that Towerstream Corp. will post ($6.60) earnings per share 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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