Internet Initiative Japan (OTCMKTS:IIJIY) Stock Crosses Below 200-Day Moving Average – Should You Sell?

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $37.09 and traded as low as $35.60. Internet Initiative Japan shares last traded at $35.60, with a volume of 114 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group raised shares of Internet Initiative Japan from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, Internet Initiative Japan presently has a consensus rating of “Strong Buy”.

Internet Initiative Japan Trading Down 3.8%

The stock has a market capitalization of $3.27 billion, a P/E ratio of 21.07 and a beta of 1.10. The stock’s fifty day moving average price is $35.37 and its two-hundred day moving average price is $37.10.

Internet Initiative Japan (OTCMKTS:IIJIY) last posted its quarterly earnings results on Friday, November 7th. The communications equipment provider reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.08. Internet Initiative Japan had a net margin of 6.76% and a return on equity of 15.83%. The business had revenue of $555.81 million during the quarter, compared to analyst estimates of $528.83 million. As a group, analysts expect 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.