Internet Initiative Japan (OTCMKTS:IIJIY) Stock Passes Above Fifty Day Moving Average – Should You Sell?

Internet Initiative Japan Inc. (OTCMKTS:IIJIY) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $36.47 and traded as high as $40.88. Internet Initiative Japan shares last traded at $40.88, with a volume of 114 shares.

Internet Initiative Japan Stock Up 2.2%

The company has a fifty day moving average of $36.47 and a two-hundred day moving average of $36.57. The stock has a market capitalization of $3.74 billion, a price-to-earnings ratio of 26.54 and a beta of 1.04.

Internet Initiative Japan (OTCMKTS:IIJIY) last issued its quarterly earnings results on Tuesday, May 13th. The communications equipment provider reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.07). Internet Initiative Japan had a return on equity of 15.89% and a net margin of 6.80%. The company had revenue of $590.48 million for the quarter, compared to analyst estimates of $575.53 million. Equities analysts anticipate that Internet Initiative Japan Inc. will post 0.37 earnings per share for the current fiscal 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.