Internet Initiative Japan (OTCMKTS:IIJIY) Reaches New 12-Month High – Should You Buy?

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY) hit a new 52-week high during trading on Friday. The company traded as high as $45.05 and last traded at $45.05, with a volume of 401 shares changing hands. The stock had previously closed at $44.50.

Wall Street Analysts Forecast Growth

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

Internet Initiative Japan Price Performance

The company has a market capitalization of $4.22 billion, a price-to-earnings ratio of 25.27 and a beta of 1.14. The stock has a fifty day simple moving average of $42.98 and a 200-day simple moving average of $38.98.

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

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 systems integration solutions. The company serves enterprises, government organizations, and other institutions with services designed to support digital communications and information technology operations.

IIJ’s offerings include internet access, wide-area networking, data center and cloud services, cybersecurity, managed network services, and systems development and integration.