Shares of Towerstream Corp. (NASDAQ:TWER) shot up 6.7% during trading on Tuesday . The stock traded as high as $2.44 and last traded at $2.40, with a volume of 149,641 shares. The stock had previously closed at $2.25.

Several brokerages recently commented on TWER. HC Wainwright reaffirmed a “buy” rating on shares of Towerstream Corp. in a research note on Tuesday, March 22nd. Zacks Investment Research downgraded Towerstream Corp. from a “buy” rating to a “sell” rating in a research note on Wednesday, May 25th.

The stock’s 50 day moving average is $3.51 and its 200-day moving average is $4.17. The stock’s market cap is $9.38 million.

Towerstream Corp. (NASDAQ:TWER) last announced its quarterly earnings results on Tuesday, May 10th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.03. On average, analysts forecast 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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