Internet Initiative Japan (OTCMKTS:IIJIY) Stock Jumps 5.1% – Here’s Why

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY)’s stock price was up 5.1% on Tuesday. The stock traded as high as $43.2706 and last traded at $43.2706. 273 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 1,279 shares. The stock had previously closed at $41.19.

Analyst Upgrades and Downgrades

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

Internet Initiative Japan Stock Performance

The stock has a 50-day moving average price of $42.77 and a two-hundred day moving average price of $38.16. The stock has a market capitalization of $3.97 billion, a PE ratio of 23.78 and a beta of 1.11.

Internet Initiative Japan (OTCMKTS:IIJIY) last issued its quarterly 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). The firm had revenue of $616.85 million for the quarter, compared to analysts’ expectations of $537.56 million. Internet Initiative Japan had a net margin of 6.79% and a return on equity of 15.74%.

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.