Shares of Internet Initiative Japan, Inc. (OTCMKTS:IIJIY - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $34.72, but opened at $36.80. Internet Initiative Japan shares last traded at $36.80, with a volume of 103 shares.
Analysts Set New Price Targets
Separately, Wall Street Zen lowered Internet Initiative Japan from a "buy" rating to a "hold" rating in a research report on Sunday.
Read Our Latest Stock Analysis on Internet Initiative Japan
Internet Initiative Japan Price Performance
The business's 50-day simple moving average is $37.79 and its two-hundred day simple moving average is $36.34. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of 26.11 and a beta of 1.03.
Internet Initiative Japan (OTCMKTS:IIJIY - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The communications equipment provider reported $0.45 earnings per share (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 business had revenue of $590.48 million during the quarter, compared to the consensus estimate of $575.53 million. Equities research analysts forecast that Internet Initiative Japan, Inc. will post 0.37 earnings per share for the current year.
About Internet Initiative Japan
(
Get Free Report)
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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