Internet Initiative Japan (OTCMKTS:IIJIY) Hits New 52-Week High - Here's Why

Shares of Internet Initiative Japan Inc. (OTCMKTS:IIJIY - Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as $44.71 and last traded at $40.00, with a volume of 2312 shares traded. The stock had previously closed at $40.69.

Internet Initiative Japan Trading Up 2.2%

The stock has a market capitalization of $3.74 billion, a P/E ratio of 26.54 and a beta of 1.04. The company has a fifty day simple moving average of $36.31 and a two-hundred day simple moving average of $36.57.

Internet Initiative Japan (OTCMKTS:IIJIY - Get Free Report) last issued its quarterly earnings results 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). Internet Initiative Japan had a return on equity of 15.89% and a net margin of 6.80%. The business had revenue of $590.48 million for the quarter, compared to analyst estimates of $575.53 million. As a group, analysts forecast 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.