Internet Initiative Japan (OTCMKTS:IIJIY) Shares Gap Up – Should You Buy?

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $33.77, but opened at $35.25. Internet Initiative Japan shares last traded at $35.25, with a volume of 2,002 shares changing hands.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group upgraded shares of Internet Initiative Japan from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, Internet Initiative Japan presently has an average rating of “Strong Buy”.

Internet Initiative Japan Stock Up 0.8%

The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 23.38 and a beta of 1.06. The stock has a fifty day moving average price of $35.59 and a 200-day moving average price of $37.12.

Internet Initiative Japan (OTCMKTS:IIJIY) last issued its quarterly earnings results on Friday, November 7th. The communications equipment provider reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.08. The firm had revenue of $555.81 million during the quarter, compared to the consensus estimate of $528.83 million. Internet Initiative Japan had a return on equity of 14.55% and a net margin of 6.32%. As a group, research analysts expect that Internet Initiative Japan, Inc. will post 0.37 earnings per share for the current year.

Internet Initiative Japan Company Profile

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.