Zacks Investment Research upgraded shares of Internet Initiative Japan (OTCMKTS:IIJIY) from a sell rating to a hold rating in a research note published on Tuesday, Zacks.com reports.

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 IIJIY stock opened at $11.38 on Tuesday. Internet Initiative Japan has a 12 month low of $9.09 and a 12 month high of $11.63. The stock has a market capitalization of $1.06 billion, a PE ratio of 32.51 and a beta of 0.60. The company has a current ratio of 1.35, a quick ratio of 1.32 and a debt-to-equity ratio of 0.17. The firm’s 50 day simple moving average is $10.63.

Internet Initiative Japan (OTCMKTS:IIJIY) last announced its earnings results on Wednesday, August 7th. The company reported $0.08 EPS for the quarter. Internet Initiative Japan had a net margin of 2.06% and a return on equity of 8.92%. The business had revenue of $453.39 million during the quarter. On average, sell-side analysts predict that Internet Initiative Japan will post 0.53 earnings per share for the current year.

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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