Internet Initiative Japan (OTCMKTS:IIJIY) Shares Cross Above 50-Day Moving Average – What’s Next?

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $35.57 and traded as high as $36.50. Internet Initiative Japan shares last traded at $36.03, with a volume of 1,060 shares traded.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group upgraded Internet Initiative Japan from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, Internet Initiative Japan currently has an average rating of “Strong Buy”.

Internet Initiative Japan Price Performance

The firm has a 50 day simple moving average of $35.62 and a two-hundred day simple moving average of $37.08. The stock has a market capitalization of $3.30 billion, a P/E ratio of 21.32 and a beta of 1.10.

Internet Initiative Japan (OTCMKTS:IIJIY) last posted its quarterly earnings results on Friday, November 7th. The communications equipment provider reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.08. The company had revenue of $555.81 million during the quarter, compared to analysts’ expectations of $528.83 million. Internet Initiative Japan had a return on equity of 15.55% and a net margin of 6.76%. On average, research analysts predict that Internet Initiative Japan, Inc. will post 0.37 earnings per share for the current year.

About Internet Initiative Japan

Internet Initiative Japan Inc provides Internet connectivity, WAN, outsourcing, systems integration, and network-related equipment sales services in Japan. It operates through two segments, Network Services and Systems Integration Business, and ATM Operation Business. The company offers mobile communication and remote access/telework services; WAN/network services, including SDN, multi-cloud network, closed connection, internet VPN, SEIL, remote access, wireless LAN, and GIGA-school; leased line and broadband services; IIJ DNS platform, and domain name registration and maintenance services; IIJ access ID management, dial-up access, and IIJ IPv6 fiber access services; and security solutions for IIJ managed firewall, DDoS protection, and managed IPS/IDS services.