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

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY - Get Free Report)'s share price gapped down prior to trading on Wednesday . The stock had previously closed at $38.38, but opened at $36.30. Internet Initiative Japan shares last traded at $36.30, with a volume of 394 shares traded.

Wall Street Analyst Weigh In

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

Internet Initiative Japan Stock Performance

The firm's 50-day moving average is $37.84 and its 200 day moving average is $36.33. The firm has a market capitalization of $3.16 billion, a PE ratio of 23.47 and a beta of 1.03.

Internet Initiative Japan (OTCMKTS:IIJIY - Get Free Report) last announced its 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). Internet Initiative Japan had a net margin of 6.30% and a return on equity of 14.74%. The firm had revenue of $590.48 million during the quarter, compared to analyst estimates of $575.53 million. As a group, equities analysts anticipate that Internet Initiative Japan, Inc. will post 0.37 earnings per share for the current 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.