Internet Initiative Japan (OTCMKTS:IIJIY) Hits New 12-Month High – What’s Next?

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY) shares hit a new 52-week high during trading on Monday. The stock traded as high as $47.50 and last traded at $47.02, with a volume of 613 shares traded. The stock had previously closed at $39.10.

Internet Initiative Japan Price Performance

The business’s 50-day moving average price is $43.92 and its two-hundred day moving average price is $37.79. The company has a market capitalization of $4.64 billion, a price-to-earnings ratio of 26.27 and a beta of 1.19.

Internet Initiative Japan (OTCMKTS:IIJIY) last posted its quarterly earnings data on Thursday, November 5th. The communications equipment provider reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.04. The firm had revenue of $713.87 million for the quarter, compared to analyst estimates of $610.90 million. Internet Initiative Japan had a return on equity of 15.49% and a net margin of 6.34%.

About Internet Initiative Japan

Internet Initiative Japan (IIJ) is a Japanese information technology and telecommunications company founded in 1992. It was among the first commercial internet service providers in Japan and has expanded into a range of network and technology services. The company provides internet connectivity, wide-area networking, cloud computing, cybersecurity, and mobile services. It also offers systems integration and IT outsourcing, helping businesses and public-sector organizations build and manage their technology infrastructure.