Internet Initiative Japan, Inc. (OTCMKTS:IIJIY – Get Free Report) shares gapped down before the market opened on Friday. The stock had previously closed at $47.46, but opened at $44.3560. Internet Initiative Japan shares last traded at $44.3560, with a volume of 2,274 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, The Goldman Sachs Group started coverage on Internet Initiative Japan in a research report on Tuesday, June 30th. They issued a “neutral” rating on the stock. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the stock has an average rating of “Hold”.
Get Our Latest Research Report on IIJIY
Internet Initiative Japan Trading Down 1.8%
The business’s fifty day moving average price is $43.27 and its two-hundred day moving average price is $39.57. The firm has a market cap of $4.07 billion, a P/E ratio of 24.37 and a beta of 1.14.
Internet Initiative Japan (OTCMKTS:IIJIY – Get Free Report) last issued its quarterly earnings data 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 business had revenue of $616.85 million during the quarter, compared to the consensus estimate 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.
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