Internet Initiative Japan (OTCMKTS:IIJIY) Stock Price Crosses Above 50 Day Moving Average - What's Next?

Shares of Internet Initiative Japan, Inc. (OTCMKTS:IIJIY - Get Free Report) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $37.71 and traded as high as $39.71. Internet Initiative Japan shares last traded at $39.71, with a volume of 296 shares traded.

Internet Initiative Japan Stock Performance

The company has a market cap of $3.64 billion, a PE ratio of 27.01 and a beta of 1.03. The company's 50 day moving average is $37.89 and its 200 day moving average is $36.32.

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 (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.07). The business had revenue of $590.48 million for the quarter, compared to analysts' expectations of $575.53 million. Internet Initiative Japan had a net margin of 6.30% and a return on equity of 14.74%. Analysts expect 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.