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 on Friday. The company traded as high as $45.05 and last traded at $45.05, with a volume of 401 shares traded. The stock had previously closed at $44.50.

Analysts Set New Price Targets

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

Internet Initiative Japan Stock Performance

The stock has a market cap of $4.22 billion, a PE ratio of 25.27 and a beta of 1.14. The firm has a fifty day moving average price of $42.98 and a 200 day moving average price of $38.98.

Internet Initiative Japan (OTCMKTS:IIJIY) last released its quarterly earnings results on Thursday, August 6th. The communications equipment provider reported $0.31 EPS 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 business had revenue of $616.85 million during 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.