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

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY)’s stock price gapped down prior to trading 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 trading hands.

Wall Street Analysts Forecast Growth

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

Internet Initiative Japan Trading Down 6.5%

The stock has a market capitalization of $3.78 billion, a P/E ratio of 22.63 and a beta of 1.11. The business has a 50-day moving average price of $42.69 and a two-hundred day moving average price of $37.26.

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

About Internet Initiative Japan

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.