Internet Initiative Japan (OTCMKTS:IIJIY) Share Price Crosses Below Fifty Day Moving Average - Here's Why

Key Points

• Internet Initiative Japan's stock price has dropped below its 50-day moving average of $38.01, trading at $37.00.
• Despite a recent earnings miss of $0.29 per share compared to an expected $0.37, one analyst has rated the stock as a Strong Buy.
• The company has a market capitalization of $3.39 billion and reported quarterly revenue of $521.19 million, falling short of the $534.99 million estimate.

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY - Get Free Report)'s stock price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $38.01 and traded as low as $37.00. Internet Initiative Japan shares last traded at $37.00, with a volume of 203 shares.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on IIJIY. Jefferies Financial Group raised Internet Initiative Japan from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 21st. Wall Street Zen cut Internet Initiative Japan from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Strong Buy".

Internet Initiative Japan Trading Down 3.3%

The firm has a market cap of $3.39 billion, a price-to-earnings ratio of 24.34 and a beta of 1.02. The firm has a 50-day moving average of $38.01 and a two-hundred day moving average of $37.08.

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 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.08). Internet Initiative Japan had a return on equity of 14.55% and a net margin of 6.32%.The business had revenue of $521.19 million for the quarter, compared to analyst estimates of $534.99 million. As a group, equities analysts anticipate that Internet Initiative Japan, Inc. will post 0.37 EPS 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.

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