Free Trial

Internet Initiative Japan (OTCMKTS:IIJIY) Shares Pass Above Fifty Day Moving Average - Here's What Happened

Internet Initiative Japan logo with Computer and Technology background

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY - Get Free Report) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty 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 Up 0.9%

The company has a market capitalization of $3.64 billion, a P/E ratio of 27.01 and a beta of 1.03. The business has a 50 day simple moving average of $37.71 and a 200-day simple moving average of $36.34.

Internet Initiative Japan (OTCMKTS:IIJIY - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The communications equipment provider reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.07). The firm had revenue of $590.48 million during the quarter, compared to analyst estimates of $575.53 million. Internet Initiative Japan had a return on equity of 14.74% and a net margin of 6.30%. Equities analysts forecast that Internet Initiative Japan, Inc. will post 0.37 EPS for the current fiscal 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.

See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Internet Initiative Japan Right Now?

Before you consider Internet Initiative Japan, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Internet Initiative Japan wasn't on the list.

While Internet Initiative Japan currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Investing Strategies To Help Grow Your Retirement Income Cover

Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

The Next NVIDIA? Quantum Computing Stocks Set for Explosive Growth
5 Stocks to BUY NOW in July 2025
3 Defense Stocks Under $10 With Massive Upside

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines