Internet Initiative Japan (OTCMKTS:IIJIY) Sets New 52-Week High - Here's What Happened

Internet Initiative Japan Inc. (OTCMKTS:IIJIY - Get Free Report) shares 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 trading hands. The stock had previously closed at $40.69.

Internet Initiative Japan Stock Down 4.6%

The stock's 50-day moving average is $36.59 and its 200 day moving average is $36.57. The stock has a market capitalization of $3.57 billion, a PE ratio of 25.32 and a beta of 1.04.

Internet Initiative Japan (OTCMKTS:IIJIY - Get Free Report) last posted its 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). The business had revenue of $590.48 million during the quarter, compared to the consensus estimate of $575.53 million. Internet Initiative Japan had a return on equity of 15.89% and a net margin of 6.80%. As a group, equities research analysts forecast that Internet Initiative Japan Inc. will post 0.37 EPS for the current 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.