Internet Initiative Japan (OTCMKTS:IIJIY) Sets New 1-Year High – Still a Buy?

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY)’s stock price hit a new 52-week high during mid-day trading on Monday. The stock traded as high as $47.50 and last traded at $47.02, with a volume of 613 shares traded. The stock had previously closed at $39.10.

Internet Initiative Japan Trading Up 3.4%

The firm has a market capitalization of $4.31 billion, a P/E ratio of 26.27 and a beta of 1.19. The company has a 50-day moving average of $43.64 and a 200-day moving average of $37.63.

Internet Initiative Japan (OTCMKTS:IIJIY) last issued its quarterly earnings results on Thursday, November 5th. The communications equipment provider reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.04. Internet Initiative Japan had a return on equity of 15.49% and a net margin of 6.34%. The company had revenue of $713.87 million during the quarter, compared to analysts’ expectations of $610.90 million.

Internet Initiative Japan Company Profile

Internet Initiative Japan (IIJ) is a Japanese information technology and telecommunications company founded in 1992. It was among the first commercial internet service providers in Japan and has expanded into a range of network and technology services.

The company provides internet connectivity, wide-area networking, cloud computing, cybersecurity, and mobile services. It also offers systems integration and IT outsourcing, helping businesses and public-sector organizations build and manage their technology infrastructure.

IIJ is headquartered in Japan and serves customers there as well as through international operations.