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

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY)’s stock price gapped up prior to trading on Friday. The stock had previously closed at $47.02, but opened at $51.50. Internet Initiative Japan shares last traded at $51.20, with a volume of 700 shares changing hands.

Internet Initiative Japan Stock Up 1.3%

The stock has a market capitalization of $4.70 billion, a price-to-earnings ratio of 28.60 and a beta of 1.19. The company has a 50 day moving average of $44.27 and a 200 day moving average of $37.98.

Internet Initiative Japan (OTCMKTS:IIJIY) last issued its quarterly earnings results on Thursday, November 5th. The communications equipment provider reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.04. The firm had revenue of $713.87 million for the quarter, compared to analyst estimates of $610.90 million. Internet Initiative Japan had a return on equity of 15.49% and a net margin of 6.34%.

About Internet Initiative Japan

Internet Initiative Japan (IIJ) is a Japanese information technology and telecommunications company founded in 1992. It was among the first commercial internet service providers in Japan and has expanded into a range of network and technology services. The company provides internet connectivity, wide-area networking, cloud computing, cybersecurity, and mobile services. It also offers systems integration and IT outsourcing, helping businesses and public-sector organizations build and manage their technology infrastructure.