Internet Initiative Japan (OTCMKTS:IIJIY) Shares Gap Down – Here’s What Happened

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY)’s share price 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 traded.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group initiated coverage on Internet Initiative Japan in a research report on Tuesday, June 30th. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Internet Initiative Japan Price Performance

The firm has a market cap of $4.07 billion, a P/E ratio of 24.37 and a beta of 1.14. The company’s 50 day moving average is $43.27 and its two-hundred day moving average is $39.57.

Internet Initiative Japan (OTCMKTS:IIJIY) last posted its quarterly earnings results on Thursday, August 6th. The communications equipment provider reported $0.31 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.01). Internet Initiative Japan had a net margin of 6.79% and a return on equity of 15.74%. The firm had revenue of $616.85 million during the quarter, compared to analyst estimates of $537.56 million.

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.