Internet Initiative Japan (OTCMKTS:IIJIY) Stock Price Down 5.1% - Here's What Happened

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY - Get Free Report) shares were down 5.1% during trading on Friday . The company traded as low as $36.37 and last traded at $36.41. Approximately 294 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 713 shares. The stock had previously closed at $38.37.

Internet Initiative Japan Price Performance

The firm has a 50-day moving average of $38.02 and a 200-day moving average of $36.37. The stock has a market cap of $3.34 billion, a PE ratio of 24.77 and a beta of 1.03.

Internet Initiative Japan (OTCMKTS:IIJIY - Get Free Report) last issued its quarterly earnings results 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 return on equity of 14.74% and a net margin of 6.30%. The business had revenue of $590.48 million during the quarter, compared to analysts' expectations 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.

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