Internet Initiative Japan (OTCMKTS:IIJIY) Stock Price Up 5.1% – Time to Buy?

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY)’s stock price traded up 5.1% during trading on Tuesday. The company traded as high as $43.2706 and last traded at $43.2706. 273 shares changed hands during trading, a decline of 79% from the average daily volume of 1,279 shares. The stock had previously closed at $41.19.

Analyst Upgrades and Downgrades

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

Internet Initiative Japan Price Performance

The stock has a 50 day moving average price of $42.82 and a two-hundred day moving average price of $38.37. The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of 23.78 and a beta of 1.11.

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

About Internet Initiative Japan

Internet Initiative Japan Inc (IIJ) is a Japanese information technology and telecommunications company that provides internet connectivity, network services, and systems integration solutions. The company serves enterprises, government organizations, and other institutions with services designed to support digital communications and information technology operations.

IIJ’s offerings include internet access, wide-area networking, data center and cloud services, cybersecurity, managed network services, and systems development and integration.