Internet Initiative Japan (OTCMKTS:IIJIY) Shares Gap Up – What’s Next?

Shares of Internet Initiative Japan, Inc. (OTCMKTS:IIJIY) gapped up before the market opened on Wednesday . The stock had previously closed at $37.90, but opened at $40.70. Internet Initiative Japan shares last traded at $40.70, with a volume of 124 shares.

Wall Street Analyst Weigh In

IIJIY has been the topic of several analyst reports. Wall Street Zen downgraded Internet Initiative Japan from a “buy” rating to a “hold” rating in a report on Sunday, July 20th. Jefferies Financial Group upgraded Internet Initiative Japan from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

Internet Initiative Japan Stock Performance

The stock has a market capitalization of $3.73 billion, a P/E ratio of 26.78 and a beta of 1.02. The stock has a 50 day moving average of $38.03 and a 200 day moving average of $36.71.

Internet Initiative Japan (OTCMKTS:IIJIY) last issued its quarterly earnings data on Thursday, August 7th. The communications equipment provider reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.08). The company had revenue of $521.19 million for the quarter, compared to the consensus estimate of $534.99 million. Internet Initiative Japan had a return on equity of 14.55% and a net margin of 6.32%. On average, research analysts anticipate that Internet Initiative Japan, Inc. will post 0.37 EPS for the current fiscal year.

Internet Initiative Japan Company Profile

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.