Internet Initiative Japan (OTCMKTS:IIJIY) Shares Gap Up – What’s Next?

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY) shares gapped up before the market opened on Tuesday. The stock had previously closed at $44.26, but opened at $47.46. Internet Initiative Japan shares last traded at $47.46, with a volume of 239 shares trading hands.

Wall Street Analysts Forecast Growth

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

Internet Initiative Japan Price Performance

The company’s 50 day moving average price is $43.24 and its 200 day moving average price is $39.46. The firm has a market capitalization of $4.35 billion, a price-to-earnings ratio of 26.08 and a beta of 1.14.

Internet Initiative Japan (OTCMKTS:IIJIY) last released its quarterly earnings data on Thursday, August 6th. The communications equipment provider reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $616.85 million for the quarter, compared to analysts’ expectations of $537.56 million.

About Internet Initiative Japan

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.