Internet Initiative Japan (OTCMKTS:IIJIY) Shares Gap Down – Time to Sell?

Shares of Internet Initiative Japan, Inc. (OTCMKTS:IIJIY) gapped down before the market opened on Wednesday . The stock had previously closed at $44.61, but opened at $41.19. Internet Initiative Japan shares last traded at $41.19, with a volume of 1,085 shares changing hands.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group started coverage on shares of Internet Initiative Japan in a report on Tuesday, June 30th. They issued a “neutral” rating on the stock. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Internet Initiative Japan presently has a consensus rating of “Hold”.

Internet Initiative Japan Stock Performance

The stock has a market cap of $3.92 billion, a PE ratio of 23.46 and a beta of 1.11. The firm has a fifty day moving average price of $42.65 and a 200 day moving average price of $37.44.

Internet Initiative Japan (OTCMKTS:IIJIY) last announced its earnings results on Thursday, August 6th. The communications equipment provider reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.01). Internet Initiative Japan had a return on equity of 15.74% and a net margin of 6.79%.The business had revenue of $616.85 million for the quarter, compared to analysts’ expectations of $537.56 million.

Internet Initiative Japan Company Profile

Internet Initiative Japan Inc (IIJ) is a Japanese information technology and telecommunications company that provides internet connectivity, network services and integrated digital solutions. Founded in 1992, the company is recognized as one of Japan’s early commercial internet service providers.

IIJ offers a broad range of services for businesses, government organizations and consumers, including dedicated internet access, wide-area networking, cloud computing, data center services, cybersecurity, systems integration and managed IT services.