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

Zacks Investment Research lowered shares of Internet Initiative Japan (OTCMKTS:IIJIY) from a hold rating to a sell rating in a research note released on Thursday morning, 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) “

Internet Initiative Japan stock opened at $11.69 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.32 and a current ratio of 1.35. The stock has a market cap of $1.04 billion, a PE ratio of 33.40 and a beta of 0.60. The company has a 50 day moving average price of $10.93. Internet Initiative Japan has a 1-year low of $9.09 and a 1-year high of $11.72.

Internet Initiative Japan (OTCMKTS:IIJIY) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.08 earnings per share for the quarter. The firm had revenue of $453.39 million during the quarter. Internet Initiative Japan had a net margin of 2.06% and a return on equity of 8.92%. On average, research analysts forecast that Internet Initiative Japan will post 0.53 earnings per share for the current year.

Internet Initiative Japan Company Profile

Internet Initiative Japan Inc offers Internet connectivity, WAN, outsourcing, systems integration, and equipment sales services in Japan. It operates in two segments, Network Services and Systems Integration Business, and ATM Operation Business. The company's Internet connectivity services for enterprise include IP services and IIJ data center connectivity services, IIJ FiberAccess/F and IIJ DSL/F services, IIJ mobile services, and dial-up access services, as well as other Internet connectivity services comprising IIJ ISDN/F and IIJ line management/F services.

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