Internet Initiative Japan (OTCMKTS:IIJIY) Shares Down 10% - What's Next?

Key Points

• Internet Initiative Japan (OTCMKTS:IIJIY) shares fell 10% during trading, dropping from a previous close of $37.00 to $33.31.
• Despite the recent drop, analysts show mixed sentiments, with one upgrading the stock to a strong-buy rating, while another downgraded it to a hold rating.
• In its latest earnings report, the company missed consensus estimates with an EPS of $0.29, falling short of expectations of $0.37.

Shares of Internet Initiative Japan, Inc. (OTCMKTS:IIJIY - Get Free Report) fell 10% during trading on Friday . The stock traded as low as $33.31 and last traded at $33.31. 241 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 788 shares. The stock had previously closed at $37.00.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on IIJIY shares. Jefferies Financial Group upgraded Internet Initiative Japan from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 21st. Wall Street Zen downgraded Internet Initiative Japan from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Internet Initiative Japan has a consensus rating of "Strong Buy".

Internet Initiative Japan Stock Performance

The stock has a fifty day moving average price of $38.06 and a 200-day moving average price of $37.11. The firm has a market cap of $3.06 billion, a PE ratio of 21.91 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 (EPS) 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 analysts' expectations of $534.99 million. As a group, equities analysts predict that Internet Initiative Japan, Inc. will post 0.37 earnings per share for the current fiscal 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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