Internet Initiative Japan (OTCMKTS:IIJIY) Shares Pass Above 50 Day Moving Average – Here’s What Happened

Shares of Internet Initiative Japan Inc. (OTCMKTS:IIJIY) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $37.32 and traded as high as $38.00. Internet Initiative Japan shares last traded at $34.00, with a volume of 837 shares trading hands.

Internet Initiative Japan Price Performance

The business has a fifty day moving average price of $37.32 and a two-hundred day moving average price of $38.13. The firm has a market cap of $3.11 billion, a PE ratio of 24.97 and a beta of 0.70.

Internet Initiative Japan (OTCMKTS:IIJIY) last issued its earnings results on Friday, February 7th. The communications equipment provider reported $0.47 EPS for the quarter. Internet Initiative Japan had a return on equity of 15.89% and a net margin of 6.80%. As a group, sell-side analysts forecast that Internet Initiative Japan Inc. will post 0.37 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.