Towerstream Corp. (TWER) Trading Up 2.9%
Towerstream Corp. (NASDAQ:TWER) shares were up 2.9% during mid-day trading on Monday . The company traded as high as $2.58 and last traded at $2.50, with a volume of 58,710 shares changing hands. The stock had previously closed at $2.43.
A number of research analysts recently issued reports on TWER shares. Zacks Investment Research upgraded Towerstream Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, July 13th. HC Wainwright restated a “buy” rating on shares of Towerstream Corp. in a report on Tuesday, March 22nd.
The firm’s 50 day moving average is $3.23 and its 200-day moving average is $4.01. The stock’s market cap is $10.75 million.
Towerstream Corp. (NASDAQ:TWER) last released its quarterly earnings data on Tuesday, May 10th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.03. Equities 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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