Towerstream Corp. (NASDAQ:TWER)’s share price shot up 2.9% during trading on Monday . The stock traded as high as $2.58 and last traded at $2.50, with a volume of 58,710 shares traded. The stock had previously closed at $2.43.

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

The stock’s 50-day moving average is $3.28 and its 200 day moving average is $4.10. The firm’s market capitalization is $8.31 million.

Towerstream Corp. (NASDAQ:TWER) last released its quarterly earnings data on Tuesday, May 10th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.03. 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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