Internet Initiative Japan (OTCMKTS:IIJIY) Hits New 12-Month High – Still a Buy?

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $42.7450 and last traded at $42.7450, with a volume of 453 shares changing hands. The stock had previously closed at $40.6461.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group began coverage on Internet Initiative Japan in a research note on Tuesday, June 30th. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy”.

Internet Initiative Japan Stock Up 5.2%

The firm has a market cap of $3.92 billion, a price-to-earnings ratio of 23.75 and a beta of 1.15. The stock’s 50 day moving average is $37.62 and its 200 day moving average is $33.65.

Internet Initiative Japan (OTCMKTS:IIJIY) last issued its quarterly earnings results on Thursday, May 14th. The communications equipment provider reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.10. Internet Initiative Japan had a return on equity of 15.69% and a net margin of 6.97%.The firm had revenue of $607.44 million during the quarter, compared to analyst estimates of $598.43 million.

About Internet Initiative Japan

Internet Initiative Japan Inc (OTCMKTS: IIJIY) was founded in 1992 and is recognized as Japan’s first commercial Internet service provider. Headquartered in Tokyo, the company builds and operates large‐scale IP networks, offering a full suite of connectivity solutions including dedicated internet access, virtual private networks (VPNs), multiprotocol label switching (MPLS) services, and high‐capacity leased lines. IIJ’s network backbone spans major Japanese cities and is linked to international points of presence, supporting both domestic and cross-border data traffic.

In addition to core connectivity services, IIJ provides a broad portfolio of IT infrastructure offerings.