Shares of Internet Initiative Japan, Inc. (OTCMKTS:IIJIY - Get Free Report) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $37.87 and traded as high as $38.03. Internet Initiative Japan shares last traded at $38.03, with a volume of 915 shares.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen downgraded shares of Internet Initiative Japan from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th.
Check Out Our Latest Stock Report on Internet Initiative Japan
Internet Initiative Japan Price Performance
The company has a market capitalization of $3.52 billion, a P/E ratio of 25.30 and a beta of 1.02. The stock's 50 day moving average is $37.95 and its 200-day moving average is $36.37.
Internet Initiative Japan (OTCMKTS:IIJIY - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The communications equipment provider reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.07). The business had revenue of $590.48 million during the quarter, compared to analysts' expectations of $575.53 million. Internet Initiative Japan had a return on equity of 14.91% and a net margin of 6.32%. On average, equities research analysts anticipate that Internet Initiative Japan, Inc. will post 0.37 EPS for the current year.
Internet Initiative Japan Company Profile
(
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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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