Internet Initiative Japan (OTCMKTS:IIJIY) Stock Price Down 1.1%

Internet Initiative Japan Inc. (OTCMKTS:IIJIY)’s share price fell 1.1% during mid-day trading on Friday . The company traded as low as $35.50 and last traded at $35.50. 109 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 623 shares. The stock had previously closed at $35.89.

Internet Initiative Japan Stock Performance

The stock has a 50-day simple moving average of $37.92 and a two-hundred day simple moving average of $36.68. The firm has a market cap of $3.25 billion, a PE ratio of 23.51 and a beta of 0.62.

Internet Initiative Japan (OTCMKTS:IIJIY) last issued its earnings results on Wednesday, February 7th. The communications equipment provider reported $0.35 earnings per share for the quarter. Internet Initiative Japan had a return on equity of 16.43% and a net margin of 7.09%. The business had revenue of $493.68 million during the quarter, compared to analyst estimates of $514.38 million. As a group, sell-side analysts anticipate that Internet Initiative Japan Inc. will post 1.49 EPS for the current fiscal year.

About Internet Initiative Japan

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, wireless LAN, and GIGA-school; 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 IIJ managed firewall, DDoS protection, and managed IPS/IDS services.