Internet Initiative Japan (IIJI) Stock Rating Upgraded by Zacks Investment Research
Zacks Investment Research upgraded shares of Internet Initiative Japan (NASDAQ:IIJI) from a hold rating to a buy rating in a report published on Thursday. Zacks Investment Research currently has $14.00 price target on the communications equipment provider’s stock.
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) “
Shares of NASDAQ:IIJI traded up $0.24 during trading hours on Thursday, hitting $11.92. The stock had a trading volume of 1,394 shares, compared to its average volume of 3,445. Internet Initiative Japan has a 1-year low of $8.76 and a 1-year high of $12.50. The firm has a market capitalization of $1.10 billion, a P/E ratio of 22.92, a PEG ratio of 1.94 and a beta of 0.68. The company has a current ratio of 1.58, a quick ratio of 1.50 and a debt-to-equity ratio of 0.34.
About Internet Initiative Japan
Internet Initiative Japan Inc offers Internet connectivity, WAN, outsourcing, systems integration, and equipment sales services in Japan. It operates in two segments, Network Services and Systems Integration Business, and ATM Operation Business. The company's Internet connectivity services for enterprise include IP services and IIJ data center connectivity services, IIJ FiberAccess/F and IIJ DSL/F services, IIJ mobile services, and dial-up access services, as well as other Internet connectivity services comprising IIJ ISDN/F and IIJ line management/F services.
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