Wall Street Zen Downgrades Internet Initiative Japan (OTCMKTS:IIJIY) to Hold

Wall Street Zen cut shares of Internet Initiative Japan (OTCMKTS:IIJIY - Free Report) from a buy rating to a hold rating in a research note published on Sunday morning.

Internet Initiative Japan Stock Performance

Shares of Internet Initiative Japan stock traded down $2.08 on Friday, hitting $36.30. The company had a trading volume of 409 shares, compared to its average volume of 709. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of 24.69 and a beta of 1.03. Internet Initiative Japan has a 1 year low of $29.50 and a 1 year high of $44.71. The stock has a 50 day moving average of $37.83 and a 200-day moving average of $36.36.

Internet Initiative Japan (OTCMKTS:IIJIY - Get Free Report) last released its earnings results on Tuesday, May 13th. The communications equipment provider reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.07). Internet Initiative Japan had a net margin of 6.30% and a return on equity of 14.74%. The business had revenue of $590.48 million during the quarter, compared to the consensus estimate of $575.53 million. Equities analysts anticipate that Internet Initiative Japan will post 0.37 earnings per share for the current year.

About Internet Initiative Japan

Internet Initiative Japan Inc provides Internet connectivity, WAN, outsourcing, systems integration, and network-related equipment sales services in Japan. It operates through two segments, Network Services and Systems Integration Business, and ATM Operation Business. The company offers mobile communication and remote access/telework services; WAN/network services, including SDN, multi-cloud network, closed connection, internet VPN, SEIL, remote access, wireless LAN, and GIGA-school; leased line and broadband services; IIJ DNS platform, and domain name registration and maintenance services; IIJ access ID management, dial-up access, and IIJ IPv6 fiber access services; and security solutions for IIJ managed firewall, DDoS protection, and managed IPS/IDS services.