Zacks: Internet Initiative Japan Inc. (NASDAQ:IIJI) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Internet Initiative Japan Inc. (NASDAQ:IIJI) have been given a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.
Zacks has also assigned Internet Initiative Japan an industry rank of 96 out of 265 based on the ratings given to related companies.
IIJI has been the subject of several recent research reports. Zacks Investment Research upgraded Internet Initiative Japan from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Thursday, July 14th. TheStreet downgraded Internet Initiative Japan from a “buy” rating to a “hold” rating in a report on Monday, August 22nd.
Shares of Internet Initiative Japan (NASDAQ:IIJI) traded up 0.0000% during trading on Thursday, reaching $9.1176. Internet Initiative Japan has a 12 month low of $8.02 and a 12 month high of $11.13. The stock’s 50 day moving average is $9.33 and its 200-day moving average is $10.04. The stock has a market capitalization of $418.97 million, a price-to-earnings ratio of 22.0765 and a beta of 0.17.
A hedge fund recently bought a new stake in Internet Initiative Japan stock. OLD Mission Capital LLC acquired a new position in shares of Internet Initiative Japan Inc. (NASDAQ:IIJI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 23,296 shares of the company’s stock, valued at approximately $225,000. 0.56% of the stock is owned by institutional investors and hedge funds.
About Internet Initiative Japan
Internet Initiative Japan Inc (IIJ) is an Internet service provider (ISP) in Japan that offers Internet connectivity services for both enterprises and consumers. The Company provides Internet connectivity services, wide area network (WAN) services, outsourcing services, systems integration and equipment sales as total network solutions to Japanese corporate clients and governmental organizations.
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