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

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY - Get Free Report) gapped up prior to trading 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 traded.

Internet Initiative Japan Price Performance

The company has a market capitalization of $3.37 billion, a P/E ratio of 25.03 and a beta of 1.03. The business has a 50 day simple moving average of $37.79 and a 200-day simple moving average of $36.35.

Internet Initiative Japan (OTCMKTS:IIJIY - Get Free Report) last issued its quarterly earnings data 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 the consensus estimate of $575.53 million. Equities analysts forecast that Internet Initiative Japan, Inc. will post 0.37 EPS for the current fiscal year.

Internet Initiative Japan Company Profile

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.