Internet Initiative Japan (OTCMKTS:IIJIY) Sees Unusually-High Trading Volume - Still a Buy?

Key Points

• Internet Initiative Japan shares experienced a significant increase in trading volume, rising by 34% to 902 shares on Tuesday, with the stock price moving from $36.45 to $38.03.
• Analysts at Wall Street Zen downgraded the company from a "buy" to a "hold" rating on July 20th.
• The company's quarterly earnings report revealed an EPS of $0.45, missing expectations, while revenue exceeded forecasts at $590.48 million.

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY - Get Free Report) shares saw strong trading volume on Tuesday . 902 shares changed hands during trading, an increase of 34% from the previous session's volume of 675 shares.The stock last traded at $38.03 and had previously closed at $36.45.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded Internet Initiative Japan from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th.

Internet Initiative Japan Stock Performance

The stock has a market cap of $3.48 billion, a price-to-earnings ratio of 25.87 and a beta of 1.02. The business has a 50-day simple moving average of $37.83 and a two-hundred day simple moving average of $36.31.

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

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