Internet Initiative Japan (OTCMKTS:IIJIY) Share Price Passes Above 50 Day Moving Average – Should You Sell?

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $35.57 and traded as high as $36.50. Internet Initiative Japan shares last traded at $36.03, with a volume of 1,060 shares trading hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised shares of Internet Initiative Japan from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the stock presently has an average rating of “Strong Buy”.

Internet Initiative Japan Price Performance

The firm’s 50-day moving average price is $35.57 and its 200-day moving average price is $37.11. The stock has a market cap of $3.30 billion, a P/E ratio of 21.32 and a beta of 1.10.

Internet Initiative Japan (OTCMKTS:IIJIY) last issued its earnings results on Friday, November 7th. The communications equipment provider reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.08. The firm had revenue of $555.81 million during the quarter, compared to analyst estimates of $528.83 million. Internet Initiative Japan had a net margin of 6.76% and a return on equity of 15.55%. Sell-side analysts expect 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.