Internet Initiative Japan (OTCMKTS:IIJIY) Shares Pass Above 50 Day Moving Average – Here’s What Happened

Internet Initiative Japan Inc. (OTCMKTS:IIJIY) shares passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $37.32 and traded as high as $38.00. Internet Initiative Japan shares last traded at $34.00, with a volume of 837 shares traded.

Internet Initiative Japan Stock Performance

The stock has a 50 day moving average price of $37.32 and a 200 day moving average price of $38.13. The company has a market cap of $3.11 billion, a P/E ratio of 24.97 and a beta of 0.70.

Internet Initiative Japan (OTCMKTS:IIJIY) last posted its quarterly earnings data on Friday, February 7th. The communications equipment provider reported $0.47 EPS for the quarter. Internet Initiative Japan had a return on equity of 15.89% and a net margin of 6.80%. As a group, equities research analysts predict that Internet Initiative Japan Inc. will post 0.37 earnings per share 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.