Internet Initiative Japan (OTCMKTS:IIJIY) Shares Gap Down – Should You Sell?

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY) gapped down before the market opened on Tuesday . The stock had previously closed at $41.92, but opened at $39.25. Internet Initiative Japan shares last traded at $39.25, with a volume of 104 shares traded.

Analyst Ratings Changes

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

Internet Initiative Japan Stock Down 6.4%

The stock has a 50 day simple moving average of $42.37 and a 200 day simple moving average of $36.65. The company has a market cap of $3.60 billion, a price-to-earnings ratio of 21.57 and a beta of 1.11.

Internet Initiative Japan (OTCMKTS:IIJIY) last issued its quarterly earnings data 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). The firm had revenue of $616.85 million during the quarter, compared to analyst estimates of $537.56 million. Internet Initiative Japan had a return on equity of 15.75% and a net margin of 6.79%.

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.