Internet Initiative Japan (OTCMKTS:IIJIY) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $37.16 and traded as low as $35.68. Internet Initiative Japan shares last traded at $35.68, with a volume of 304 shares traded.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on IIJIY. Jefferies Financial Group raised shares of Internet Initiative Japan from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 21st. Wall Street Zen downgraded shares of Internet Initiative Japan from a “buy” rating to a “hold” rating in a report on Sunday, July 20th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Internet Initiative Japan presently has an average rating of “Strong Buy”.

Internet Initiative Japan Price Performance

The firm has a market cap of $3.27 billion, a P/E ratio of 23.47 and a beta of 1.06. The company’s 50-day simple moving average is $36.21 and its 200 day simple moving average is $37.16.

Internet Initiative Japan (OTCMKTS:IIJIY) last announced its earnings results on Thursday, August 7th. The communications equipment provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.08). The business had revenue of $521.19 million for the quarter, compared to analysts’ expectations of $534.99 million. Internet Initiative Japan had a net margin of 6.32% and a return on equity of 14.55%. Analysts anticipate that Internet Initiative Japan, Inc. will post 0.37 EPS for the current fiscal year.

About Internet Initiative Japan

Internet Initiative Japan Inc provides Internet connectivity, WAN, outsourcing, systems integration, and network-related equipment sales services in Japan. It operates through two segments, Network Services and Systems Integration Business, and ATM Operation Business. The company offers mobile communication and remote access/telework services; WAN/network services, including SDN, multi-cloud network, closed connection, internet VPN, SEIL, remote access, wireless LAN, and GIGA-school; leased line and broadband services; IIJ DNS platform, and domain name registration and maintenance services; IIJ access ID management, dial-up access, and IIJ IPv6 fiber access services; and security solutions for IIJ managed firewall, DDoS protection, and managed IPS/IDS services.