Internet Initiative Japan (OTCMKTS:IIJIY) Shares Gap Down – Here’s Why

Internet Initiative Japan, Inc. (OTCMKTS:IIJIYGet Free Report) gapped down before the market opened on Monday . The stock had previously closed at $33.7964, but opened at $32.05. Internet Initiative Japan shares last traded at $32.05, with a volume of 6,023 shares changing hands.

Internet Initiative Japan Stock Performance

The business has a 50-day moving average price of $30.23 and a 200 day moving average price of $32.90. The stock has a market capitalization of $2.94 billion, a P/E ratio of 19.08 and a beta of 1.11.

Internet Initiative Japan (OTCMKTS:IIJIYGet Free Report) last released its quarterly earnings results on Thursday, February 5th. The communications equipment provider reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.11). Internet Initiative Japan had a net margin of 6.64% and a return on equity of 15.12%. The company had revenue of $557.44 million for the quarter, compared to analysts’ expectations of $565.72 million.

Internet Initiative Japan Company Profile

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Internet Initiative Japan Inc (OTCMKTS: IIJIY) was founded in 1992 and is recognized as Japan’s first commercial Internet service provider. Headquartered in Tokyo, the company builds and operates large‐scale IP networks, offering a full suite of connectivity solutions including dedicated internet access, virtual private networks (VPNs), multiprotocol label switching (MPLS) services, and high‐capacity leased lines. IIJ’s network backbone spans major Japanese cities and is linked to international points of presence, supporting both domestic and cross-border data traffic.

In addition to core connectivity services, IIJ provides a broad portfolio of IT infrastructure offerings.

Further Reading

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