Towerstream Corp. (NASDAQ:TWER)’s share price rose 7.1% during mid-day trading on Wednesday . The stock traded as high as $2.43 and last traded at $2.40, with a volume of 262,135 shares changing hands. The stock had previously closed at $2.24.

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

The firm’s market capitalization is $10.66 million. The firm has a 50 day moving average of $2.55 and a 200-day moving average of $3.52.

Towerstream Corp. (NASDAQ:TWER) last released its earnings results on Tuesday, August 9th. The company reported ($1.38) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.60) by $0.22. On average, equities analysts forecast that Towerstream Corp. will post ($5.77) EPS for the current year.

Towerstream Corporation is a provider of fixed wireless services to businesses in over 10 urban markets across the United States. The Company operates through Fixed Wireless Services (Fixed Wireless) segment. Its fixed wireless service supports bandwidth on demand, wireless redundancy, virtual private networks, disaster recovery, bundled data and video services.

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