Internet Initiative Japan (OTCMKTS:IIJIY) Stock Price Crosses Below 200-Day Moving Average - Here's Why

Internet Initiative Japan Inc. (OTCMKTS:IIJIY - Get Free Report) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $36.55 and traded as low as $36.00. Internet Initiative Japan shares last traded at $36.00, with a volume of 103 shares trading hands.

Internet Initiative Japan Stock Performance

The stock has a 50 day moving average of $35.63 and a 200-day moving average of $36.53. The stock has a market capitalization of $3.30 billion, a P/E ratio of 23.38 and a beta of 1.04.

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 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.07). Internet Initiative Japan had a return on equity of 15.89% and a net margin of 6.80%. The firm had revenue of $590.48 million for the quarter, compared to analysts' expectations of $575.53 million. Research analysts anticipate that Internet Initiative Japan Inc. will post 0.37 EPS for the current 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.