Internet Initiative Japan (OTCMKTS:IIJIY) Sees Strong Trading Volume – Still a Buy?

Shares of Internet Initiative Japan, Inc. (OTCMKTS:IIJIY) saw unusually-high trading volume on Tuesday . 4,900 shares changed hands during trading, an increase of 306% from the previous session’s volume of 1,206 shares.The stock last traded at $41.98 and had previously closed at $42.00.

Analysts Set New Price Targets

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

Internet Initiative Japan Stock Performance

The company’s 50 day moving average price is $41.92 and its 200 day moving average price is $36.20. The company has a market cap of $3.85 billion, a price-to-earnings ratio of 23.04 and a beta of 1.13.

Internet Initiative Japan (OTCMKTS:IIJIY) last announced its quarterly earnings results on Thursday, August 6th. The communications equipment provider reported $0.31 earnings per share (EPS) 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 the consensus estimate of $537.56 million. Internet Initiative Japan had a net margin of 6.79% and a return on equity of 15.75%.

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.