Internet Initiative Japan (OTCMKTS:IIJIY) Hits New 52-Week High – Time to Buy?

Shares of Internet Initiative Japan, Inc. (OTCMKTS:IIJIY) hit a new 52-week high on Monday . The stock traded as high as $44.61 and last traded at $44.61, with a volume of 926 shares traded. The stock had previously closed at $42.94.

Wall Street Analyst Weigh In

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

Internet Initiative Japan Trading Up 3.9%

The stock’s fifty day moving average price is $42.59 and its 200-day moving average price is $37.02. The firm has a market cap of $4.09 billion, a price-to-earnings ratio of 24.51 and a beta of 1.11.

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

Internet Initiative Japan Company Profile

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.