Internet Initiative Japan (OTCMKTS:IIJIY) Cut to “Strong Sell” at Zacks Investment Research

Internet Initiative Japan (OTCMKTS:IIJIYGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note issued on Friday, Zacks.com reports.

According to Zacks, “Internet Initiative Japan Inc. offers a comprehensive range of Internet access services and Internet-related services to customers, including corporations and other Internet service providers, in Japan. The company offers its services via one of the largest Internet network backbones in Japan as well as between Japan and the United States. (PRESS RELEASE) “

IIJIY stock traded down $2.17 during mid-day trading on Friday, hitting $35.13. The company had a trading volume of 418 shares, compared to its average volume of 1,180. The company has a 50-day moving average price of $33.61 and a 200 day moving average price of $35.13. The company has a quick ratio of 1.28, a current ratio of 1.31 and a debt-to-equity ratio of 0.05. Internet Initiative Japan has a 12-month low of $27.11 and a 12-month high of $43.60.

Internet Initiative Japan Company Profile (Get Rating)

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, and wireless LAN; 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 network, mail, Web, endpoint, ID management and authentication, and security assesment/consulting.

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