Towerstream Corp. (NASDAQ:TWER)’s share price dropped 0.4% on Thursday . The company traded as low as $2.36 and last traded at $2.59, with a volume of 233,800 shares traded. The stock had previously closed at $2.58.

TWER has been the subject of a number of recent analyst reports. HC Wainwright reissued a “buy” rating on shares of Towerstream Corp. in a research report on Tuesday, March 22nd. Zacks Investment Research raised Towerstream Corp. from a “hold” rating to a “buy” rating and set a $0.25 target price for the company in a research report on Wednesday, April 20th.

The stock’s market capitalization is $7.90 million. The stock’s 50 day moving average price is $3.33 and its 200-day moving average price is $4.14.

Towerstream Corp. (NASDAQ:TWER) last posted its quarterly earnings results on Tuesday, May 10th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.03. Analysts anticipate 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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