Internet Initiative Japan (OTCMKTS:IIJIY) Hits New 52-Week High – Time to Buy?

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $42.7450 and last traded at $42.7450, with a volume of 453 shares traded. The stock had previously closed at $40.6461.

Analyst Ratings Changes

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 Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy”.

Internet Initiative Japan Stock Performance

The stock has a 50 day moving average of $37.62 and a two-hundred day moving average of $33.65. The stock has a market cap of $3.92 billion, a PE ratio of 23.75 and a beta of 1.15.

Internet Initiative Japan (OTCMKTS:IIJIY) last released its earnings results on Thursday, May 14th. The communications equipment provider reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.10. The company had revenue of $607.44 million during the quarter, compared to analyst estimates of $598.43 million. Internet Initiative Japan had a return on equity of 15.69% and a net margin of 6.97%.

Internet Initiative Japan Company Profile

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.