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

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY – Get Free Report) gapped up before the market opened on Tuesday. The stock had previously closed at $44.26, but opened at $47.46. Internet Initiative Japan shares last traded at $47.46, with a volume of 239 shares trading hands.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group assumed coverage on shares of Internet Initiative Japan in a report 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 currently has a consensus rating of “Hold”.

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Internet Initiative Japan Trading Up 7.2%

The stock has a market capitalization of $4.35 billion, a PE ratio of 26.08 and a beta of 1.14. The business’s 50 day moving average is $43.04 and its 200 day moving average is $39.21.

Internet Initiative Japan (OTCMKTS:IIJIY – Get Free Report) last announced its 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 business had revenue of $616.85 million for 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

(Get Free Report)

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.

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