Internet Initiative Japan (OTCMKTS:IIJIY) Shares Gap Down – Here’s What Happened

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY) gapped down prior to trading on Tuesday . The stock had previously closed at $36.03, but opened at $33.02. Internet Initiative Japan shares last traded at $33.02, with a volume of 117 shares traded.

Internet Initiative Japan Price Performance

The stock has a fifty day moving average price of $35.87 and a two-hundred day moving average price of $36.88. The company has a market cap of $3.03 billion, a P/E ratio of 19.54 and a beta of 1.10.

Internet Initiative Japan (OTCMKTS:IIJIY) last posted its quarterly earnings results on Friday, November 7th. The communications equipment provider reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.08. The firm had revenue of $555.81 million for the quarter, compared to analysts’ expectations of $528.83 million. Internet Initiative Japan had a return on equity of 15.55% and a net margin of 6.76%. As a group, analysts forecast that Internet Initiative Japan, Inc. will post 0.37 earnings per share for the current year.

Internet Initiative Japan Company Profile

Internet Initiative Japan Inc (OTCMKTS: IIJIY) was founded in 1992 and is recognized as Japan’s first commercial Internet service provider. Headquartered in Tokyo, the company builds and operates large?scale IP networks, offering a full suite of connectivity solutions including dedicated internet access, virtual private networks (VPNs), multiprotocol label switching (MPLS) services, and high?capacity leased lines. IIJ’s network backbone spans major Japanese cities and is linked to international points of presence, supporting both domestic and cross-border data traffic.

In addition to core connectivity services, IIJ provides a broad portfolio of IT infrastructure offerings.