Internet Initiative Japan (OTCMKTS:IIJIY) Shares Gap Up – Should You Buy?

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY) gapped up before the market opened on Wednesday . The stock had previously closed at $35.54, but opened at $36.9950. Internet Initiative Japan shares last traded at $36.9950, with a volume of 701 shares changing hands.

Analysts Set New Price Targets

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

Internet Initiative Japan Stock Up 4.1%

The company has a market cap of $3.39 billion, a P/E ratio of 24.34 and a beta of 1.06. The firm has a fifty day moving average price of $35.43 and a 200 day moving average price of $37.07.

Internet Initiative Japan (OTCMKTS:IIJIY) last issued its quarterly earnings results on Friday, November 7th. The communications equipment provider reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.08. Internet Initiative Japan had a net margin of 6.32% and a return on equity of 14.55%. The business had revenue of $555.81 million for the quarter, compared to the consensus estimate of $528.83 million. On average, sell-side analysts anticipate that Internet Initiative Japan, Inc. will post 0.37 earnings per share for the current year.

Internet Initiative Japan Company Profile

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.