Internet Initiative Japan (OTCMKTS:IIJIY) Sets New 52-Week High – Here’s Why

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $44.61 and last traded at $44.61, with a volume of 926 shares traded. The stock had previously closed at $42.94.

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 research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

Internet Initiative Japan Price Performance

The company has a market cap of $4.04 billion, a price-to-earnings ratio of 24.20 and a beta of 1.11. The firm’s fifty day moving average price is $42.69 and its 200-day moving average price is $37.26.

Internet Initiative Japan (OTCMKTS:IIJIY) last released its quarterly earnings data on Thursday, August 6th. The communications equipment provider reported $0.31 earnings per share 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 15.74% and a net margin of 6.79%.

Internet Initiative Japan Company Profile

Internet Initiative Japan Inc (IIJ) is a Japanese information technology and telecommunications company that provides internet connectivity, network services and integrated digital solutions. Founded in 1992, the company is recognized as one of Japan’s early commercial internet service providers.

IIJ offers a broad range of services for businesses, government organizations and consumers, including dedicated internet access, wide-area networking, cloud computing, data center services, cybersecurity, systems integration and managed IT services.