Internet Initiative Japan (OTCMKTS:IIJIY) Shares Up 4.2% – Here’s What Happened

Shares of Internet Initiative Japan Inc. (OTCMKTS:IIJIY) traded up 4.2% during trading on Wednesday . The company traded as high as $35.43 and last traded at $35.43. 237 shares changed hands during mid-day trading, a decline of 34% from the average session volume of 359 shares. The stock had previously closed at $34.00.

Internet Initiative Japan Stock Up 4.2 %

The firm’s fifty day moving average is $35.78 and its two-hundred day moving average is $38.04. The firm has a market cap of $3.25 billion, a P/E ratio of 23.01 and a beta of 0.70.

Internet Initiative Japan (OTCMKTS:IIJIY) last released its quarterly earnings results on Friday, February 7th. The communications equipment provider reported $0.47 earnings per share 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 year.

Internet Initiative Japan Company Profile

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.