Internet Initiative Japan (OTCMKTS:IIJIY) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $37.09 and traded as low as $35.60. Internet Initiative Japan shares last traded at $35.60, with a volume of 114 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group raised shares of Internet Initiative Japan from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

Internet Initiative Japan Stock Performance

The company has a 50-day simple moving average of $35.37 and a 200 day simple moving average of $37.09. The company has a market capitalization of $3.27 billion, a P/E ratio of 21.07 and a beta of 1.10.

Internet Initiative Japan (OTCMKTS:IIJIY) last released its earnings results on Friday, November 7th. The communications equipment provider reported $0.48 EPS for the quarter, beating the consensus estimate of $0.40 by $0.08. Internet Initiative Japan had a net margin of 6.76% and a return on equity of 15.83%. The firm had revenue of $555.81 million during the quarter, compared to analysts’ expectations of $528.83 million. As a group, sell-side analysts forecast that Internet Initiative Japan, Inc. will post 0.37 earnings per share for the current 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.