Internet Initiative Japan (OTCMKTS:IIJIY) Shares Gap Up - Time to Buy?

Key Points

• Internet Initiative Japan's share price gapped up from $35.89 to $38.25, indicating strong trading interest, with the last trade recorded at $38.28.
• Wall Street analysts have mixed ratings on the stock, with one rating it a Strong Buy and another lowering it from a "buy" to a "hold" rating.
• The company's recent earnings report revealed an EPS of $0.29, which missed the consensus estimate of $0.37, alongside a revenue of $521.19 million.

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY - Get Free Report)'s share price gapped up prior to trading on Friday . The stock had previously closed at $35.89, but opened at $38.25. Internet Initiative Japan shares last traded at $38.28, with a volume of 1,275 shares changing hands.

Analyst Ratings Changes

Several brokerages have recently commented on IIJIY. Jefferies Financial Group upgraded Internet Initiative Japan from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 21st. Wall Street Zen downgraded Internet Initiative Japan from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Strong Buy".

Internet Initiative Japan Price Performance

The company has a market capitalization of $3.51 billion, a PE ratio of 25.16 and a beta of 1.02. The business has a 50-day moving average of $37.86 and a 200 day moving average of $36.95.

Internet Initiative Japan (OTCMKTS:IIJIY - Get Free Report) last posted its earnings results on Thursday, August 7th. The communications equipment provider reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.08). Internet Initiative Japan had a return on equity of 14.55% and a net margin of 6.32%.The firm had revenue of $521.19 million during the quarter, compared to analysts' expectations of $534.99 million. As a group, research analysts anticipate that Internet Initiative Japan, Inc. will post 0.37 EPS 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.