Zacks Investment Research Lowers Internet Initiative Japan, Inc. (IIJI) to Sell
Internet Initiative Japan, Inc. (NASDAQ:IIJI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday.
According to Zacks, “Internet Initiative Japan Inc. offers a comprehensive range of Internet access services and Internet-related services to customers, including corporations and other Internet service providers, in Japan. The company offers its services via one of the largest Internet network backbones in Japan as well as between Japan and the United States. (PRESS RELEASE) “
Separately, TheStreet downgraded shares of Internet Initiative Japan from a “b-” rating to a “c” rating in a report on Monday, August 28th.
Shares of Internet Initiative Japan (IIJI) traded down 2.08% during mid-day trading on Wednesday, hitting $8.97. 1,578 shares of the stock traded hands. The firm has a market cap of $404.21 million, a price-to-earnings ratio of 26.54 and a beta of 0.70. Internet Initiative Japan has a 12-month low of $6.70 and a 12-month high of $10.08. The firm’s 50 day moving average price is $9.11 and its 200 day moving average price is $9.10.
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About Internet Initiative Japan
Internet Initiative Japan Inc (IIJ) is an Internet service provider (ISP) in Japan that offers Internet connectivity services for both enterprises and consumers. The Company provides Internet connectivity services, wide area network (WAN) services, outsourcing services, systems integration and equipment sales as total network solutions to Japanese corporate clients and governmental organizations.
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