Towerstream Stock Gaps Up On Today's Open (TWER)

NEW YORK ( TheStreet) -- Shares of Towerstream Corporation (Nasdaq: TWER) were gapping up Thursday morning with an open price 16.5% higher than Wednesday's closing price. The stock closed at $2.60 Wednesday and opened today's trading at $3.03.

The average volume for Towerstream has been 513,800 shares per day over the past 30 days. Towerstream has a market cap of $129.4 million and is part of the technology sector and telecommunications industry. Shares are up 22.6% year to date as of the close of trading on Wednesday.

Towerstream Corporation, a 4G service provider, delivers high-speed wireless Internet access to businesses in the United States.

TheStreet Ratings rates Towerstream as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Towerstream Ratings Report.

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