Internet Initiative Japan (OTCMKTS:IIJIY) Shares Gap Up – What’s Next?

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY)’s stock price gapped up before the market opened on Friday. The stock had previously closed at $39.10, but opened at $44.00. Internet Initiative Japan shares last traded at $45.14, with a volume of 400 shares traded.

Internet Initiative Japan Price Performance

The stock’s 50-day moving average price is $43.60 and its 200 day moving average price is $37.57. The firm has a market capitalization of $4.10 billion, a PE ratio of 24.55 and a beta of 1.19.

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 analysts’ consensus estimates of $0.32 by ($0.01). The firm had revenue of $616.85 million during the quarter, compared to analysts’ expectations of $537.56 million. Internet Initiative Japan had a net margin of 6.79% and a return on equity of 15.74%.

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 systems integration solutions. Founded in 1992, IIJ is recognized as one of Japan’s early commercial internet service providers and primarily serves businesses, government organizations, and other institutional customers.

The company offers dedicated internet access, wide-area networking, data center and cloud services, mobile communications, cybersecurity, and managed network operations.