Towerstream Corp. (TWER) Trading 6.7% Higher
Shares of Towerstream Corp. (NASDAQ:TWER) traded up 6.7% on Tuesday . The stock traded as high as $2.44 and last traded at $2.40, with a volume of 149,641 shares traded. The stock had previously closed at $2.25.
Several analysts recently weighed in on the company. HC Wainwright restated a “buy” rating on shares of Towerstream Corp. in a research note on Tuesday, March 22nd. Zacks Investment Research upgraded Towerstream Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday.
The stock’s 50-day moving average is $3.39 and its 200-day moving average is $4.15. The firm’s market cap is $8.64 million.
Towerstream Corp. (NASDAQ:TWER) last announced its quarterly earnings data on Tuesday, May 10th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.03. Equities analysts anticipate 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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