Internet Initiative Japan, Inc. (OTCMKTS:IIJIY - Get Free Report)'s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $37.90 and traded as high as $40.25. Internet Initiative Japan shares last traded at $40.25, with a volume of 602 shares traded.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen lowered Internet Initiative Japan from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th.
Read Our Latest Stock Analysis on Internet Initiative Japan
Internet Initiative Japan Trading Up 4.7%
The business has a 50 day simple moving average of $37.90 and a 200-day simple moving average of $36.46. The stock has a market capitalization of $3.69 billion, a price-to-earnings ratio of 26.48 and a beta of 1.02.
Internet Initiative Japan (OTCMKTS:IIJIY - Get Free Report) last released 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). The firm had revenue of $521.19 million during the quarter, compared to analyst estimates of $534.99 million. Internet Initiative Japan had a net margin of 6.32% and a return on equity of 14.91%. Research analysts predict that Internet Initiative Japan, Inc. will post 0.37 EPS for the current year.
About Internet Initiative Japan
(
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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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