Internet Initiative Japan (OTCMKTS:IIJIY) Shares Gap Down - Should You Sell?

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $39.71, but opened at $37.93. Internet Initiative Japan shares last traded at $36.37, with a volume of 1,461 shares.

Internet Initiative Japan Trading Down 3.4%

The company has a market cap of $3.51 billion, a P/E ratio of 26.10 and a beta of 1.03. The business's fifty day moving average is $37.93 and its 200 day moving average is $36.33.

Internet Initiative Japan (OTCMKTS:IIJIY - Get Free Report) last released its quarterly earnings results on Tuesday, May 13th. The communications equipment provider reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.07). The firm had revenue of $590.48 million during the quarter, compared to the consensus estimate of $575.53 million. Internet Initiative Japan had a return on equity of 14.74% and a net margin of 6.30%. As a group, research analysts expect that Internet Initiative Japan, Inc. will post 0.37 EPS 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.