Internet Initiative Japan (OTCMKTS:IIJIY) Hits New 12-Month High – Should You Buy?

Shares of Internet Initiative Japan, Inc. (OTCMKTS:IIJIY) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $40.70 and last traded at $40.70, with a volume of 689 shares trading hands. The stock had previously closed at $37.07.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group initiated coverage on shares of Internet Initiative Japan in a research note on Tuesday. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Internet Initiative Japan Price Performance

The stock’s fifty day moving average is $37.03 and its 200-day moving average is $33.50. The stock has a market capitalization of $3.55 billion, a P/E ratio of 21.51 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 for the quarter, beating the consensus estimate of $0.47 by $0.10. The business had revenue of $607.44 million during the quarter, compared to analysts’ expectations of $598.43 million. Internet Initiative Japan had a net margin of 6.97% and a return on equity of 15.69%.

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.