Shares of Towerstream Corp. (NASDAQ:TWER) fell 2.7% during mid-day trading on Tuesday . The stock traded as low as $2.17 and last traded at $2.20, with a volume of 53,564 shares trading hands. The stock had previously closed at $2.26.

Separately, Zacks Investment Research lowered shares of Towerstream Corp. from a “buy” rating to a “sell” rating in a research report on Wednesday, May 25th.

The firm’s market capitalization is $9.96 million. The stock’s 50 day moving average is $2.51 and its 200-day moving average is $3.46.

Towerstream Corp. (NASDAQ:TWER) last issued its quarterly 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. Equities research analysts anticipate 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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