Internet Initiative Japan (OTCMKTS:IIJIY) Posts Quarterly Earnings Results

Internet Initiative Japan (OTCMKTS:IIJIY) announced its quarterly earnings data on Friday. The communications equipment provider reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01), Zacks reports. Internet Initiative Japan had a return on equity of 15.69% and a net margin of 6.97%.

Internet Initiative Japan Stock Performance

Internet Initiative Japan stock remained flat at $43.49 during trading hours on Friday. The company’s stock had a trading volume of 3,005 shares, compared to its average volume of 820. The stock has a 50-day simple moving average of $40.30 and a 200-day simple moving average of $34.77. The stock has a market cap of $3.99 billion, a price-to-earnings ratio of 24.16 and a beta of 1.13. Internet Initiative Japan has a 1-year low of $27.00 and a 1-year high of $44.51.

Analyst Ratings Changes

Separately, The Goldman Sachs Group assumed coverage on shares of Internet Initiative Japan in a report on Tuesday, June 30th. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy”.

About Internet Initiative Japan

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.