Internet Initiative Japan (OTCMKTS:IIJIY) Shares Gap Up – Time to Buy?

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY) gapped up prior to trading on Friday . The stock had previously closed at $39.25, but opened at $42.94. Internet Initiative Japan shares last traded at $42.94, with a volume of 346 shares trading hands.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group began coverage on shares of Internet Initiative Japan in a research report on Tuesday, June 30th. They set a “neutral” rating for the company. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Internet Initiative Japan Price Performance

The firm has a 50 day simple moving average of $42.59 and a two-hundred day simple moving average of $36.96. The stock has a market cap of $3.94 billion, a price-to-earnings ratio of 23.59 and a beta of 1.11.

Internet Initiative Japan (OTCMKTS:IIJIY) last posted its earnings results on Thursday, August 6th. The communications equipment provider reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.01). The company had revenue of $616.85 million for the quarter, compared to analyst estimates of $537.56 million. Internet Initiative Japan had a return on equity of 15.74% and a net margin of 6.79%.

Internet Initiative Japan Company Profile

Internet Initiative Japan Inc (IIJ) is a Japanese information technology and telecommunications company that provides internet connectivity, network services and integrated digital solutions. Founded in 1992, the company is recognized as one of Japan’s early commercial internet service providers.

IIJ offers a broad range of services for businesses, government organizations and consumers, including dedicated internet access, wide-area networking, cloud computing, data center services, cybersecurity, systems integration and managed IT services.