Internet Initiative Japan (OTCMKTS:IIJIY) Sees Unusually-High Trading Volume - Here's Why

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.

Shares of Internet Initiative Japan, Inc. (OTCMKTS:IIJIY - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 902 shares traded 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.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of Internet Initiative Japan from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th.

Internet Initiative Japan Stock Up 1.1%

The company's fifty day moving average price is $37.95 and its 200 day moving average price is $36.37. The company has a market capitalization of $3.52 billion, a P/E ratio of 25.30 and a beta of 1.02.

Internet Initiative Japan (OTCMKTS:IIJIY - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The communications equipment provider reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.08). The company had revenue of $521.19 million for the quarter, compared to the consensus estimate of $534.99 million. Internet Initiative Japan had a return on equity of 14.91% and a net margin of 6.32%. Research analysts predict that Internet Initiative Japan, Inc. will post 0.37 earnings per share for the current fiscal year.

Internet Initiative Japan Company Profile

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.