Internet Initiative Japan (OTCMKTS:IIJIY) Shares Pass Above 50 Day Moving Average - Time to Sell?

Key Points

• Internet Initiative Japan shares surpassed their 50-day moving average of $37.87, reaching a trading high of $38.03 with a volume of 915 shares.
• Analysts at Wall Street Zen have downgraded the stock from a "buy" to a "hold" rating as of July 20th.
• The company reported earnings of $0.45 per share for the last quarter, missing the estimate of $0.52, although its revenue of $590.48 million exceeded expectations.

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY - Get Free Report)'s share price 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 trading hands.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Internet Initiative Japan from a "buy" rating to a "hold" rating in a report on Sunday, July 20th.

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 company has a fifty day moving average price of $37.95 and a 200 day moving average price of $36.37.

Internet Initiative Japan (OTCMKTS:IIJIY - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The communications equipment provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by ($0.08). Internet Initiative Japan had a return on equity of 14.91% and a net margin of 6.32%. The business had revenue of $521.19 million during the quarter, compared to the consensus estimate of $534.99 million. On average, equities research analysts predict 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.