Internet Initiative Japan (OTCMKTS:IIJIY) Shares Gap Up – Still a Buy?

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY) 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.

Analyst Ratings Changes

Separately, The Goldman Sachs Group assumed coverage on Internet Initiative Japan in a research report on Tuesday, June 30th. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a Hold rating. According to MarketBeat, the company has a consensus rating of “Hold”.

Internet Initiative Japan Stock Up 7.2%

The business has a 50 day moving average price of $43.04 and a 200 day moving average price of $39.21. The stock has a market cap of $4.35 billion, a PE ratio of 26.08 and a beta of 1.14.

Internet Initiative Japan (OTCMKTS:IIJIY) last released its quarterly earnings data on Thursday, August 6th. The communications equipment provider reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). The firm had revenue of $616.85 million during 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%.

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.