Internet Initiative Japan (OTCMKTS:IIJIY) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $37.16 and traded as low as $35.68. Internet Initiative Japan shares last traded at $35.68, with a volume of 304 shares traded.

Wall Street Analyst Weigh In

IIJIY has been the topic of a number of recent analyst reports. Jefferies Financial Group raised shares of Internet Initiative Japan from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 21st. Wall Street Zen downgraded shares of Internet Initiative Japan from a “buy” rating to a “hold” rating in a research report on Sunday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, Internet Initiative Japan presently has an average rating of “Strong Buy”.

Internet Initiative Japan Stock Up 0.3%

The business’s fifty day moving average is $36.21 and its 200-day moving average is $37.16. The company has a market cap of $3.27 billion, a PE ratio of 23.47 and a beta of 1.06.

Internet Initiative Japan (OTCMKTS:IIJIY) last announced its quarterly earnings data on Thursday, August 7th. The communications equipment provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.08). Internet Initiative Japan had a return on equity of 14.55% and a net margin of 6.32%.The firm had revenue of $521.19 million during the quarter, compared to analysts’ expectations of $534.99 million. Analysts forecast that Internet Initiative Japan, Inc. will post 0.37 EPS for the current fiscal year.

Internet Initiative Japan Company Profile

Internet Initiative Japan Inc provides Internet connectivity, WAN, outsourcing, systems integration, and network-related equipment sales services in Japan. It operates through two segments, Network Services and Systems Integration Business, and ATM Operation Business. The company offers mobile communication and remote access/telework services; WAN/network services, including SDN, multi-cloud network, closed connection, internet VPN, SEIL, remote access, wireless LAN, and GIGA-school; leased line and broadband services; IIJ DNS platform, and domain name registration and maintenance services; IIJ access ID management, dial-up access, and IIJ IPv6 fiber access services; and security solutions for IIJ managed firewall, DDoS protection, and managed IPS/IDS services.