Towerstream Corp. (NASDAQ:TWER)’s share price traded down 3.7% during mid-day trading on Thursday . The stock traded as low as $2.53 and last traded at $2.59, with a volume of 195,330 shares changing hands. The stock had previously closed at $2.69.

Separately, Zacks Investment Research upgraded shares of Towerstream Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, July 13th.

The company’s 50 day moving average price is $3.02 and its 200 day moving average price is $3.83. The stock’s market cap is $8.37 million.

Towerstream Corp. (NASDAQ:TWER) last announced its earnings results on Tuesday, May 10th. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.03. Equities research analysts expect that Towerstream Corp. will post ($6.60) EPS 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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