Internet Initiative Japan (OTCMKTS:IIJIY) Shares Gap Down - Here's Why

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $36.41, but opened at $34.72. Internet Initiative Japan shares last traded at $34.72, with a volume of 201 shares traded.

Internet Initiative Japan Stock Performance

The business's 50 day moving average is $37.86 and its 200-day moving average is $36.35. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of 23.62 and a beta of 1.03.

Internet Initiative Japan (OTCMKTS:IIJIY - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The communications equipment provider reported $0.45 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.07). Internet Initiative Japan had a return on equity of 14.74% and a net margin of 6.30%. The company had revenue of $590.48 million for the quarter, compared to analysts' expectations of $575.53 million. Sell-side analysts anticipate 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.