Internet Initiative Japan (OTCMKTS:IIJIY) Shares Gap Down – What’s Next?

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY) gapped down prior to trading on Wednesday . The stock had previously closed at $34.22, but opened at $33.00. Internet Initiative Japan shares last traded at $33.00, with a volume of 160 shares.

Internet Initiative Japan Trading Down 0.1%

The company’s 50 day moving average price is $35.58 and its 200 day moving average price is $36.41. The company has a market cap of $3.02 billion, a price-to-earnings ratio of 19.50 and a beta of 1.15.

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, topping the consensus estimate of $0.40 by $0.08. The firm had revenue of $555.81 million during the quarter, compared to analysts’ expectations of $528.83 million. Internet Initiative Japan had a net margin of 6.76% and a return on equity of 15.55%. Sell-side analysts predict that Internet Initiative Japan, Inc. will post 0.37 earnings per share for the current year.

About Internet Initiative Japan

Internet Initiative Japan Inc (OTCMKTS: IIJIY) was founded in 1992 and is recognized as Japan’s first commercial Internet service provider. Headquartered in Tokyo, the company builds and operates large‐scale IP networks, offering a full suite of connectivity solutions including dedicated internet access, virtual private networks (VPNs), multiprotocol label switching (MPLS) services, and high‐capacity leased lines. IIJ’s network backbone spans major Japanese cities and is linked to international points of presence, supporting both domestic and cross-border data traffic.

In addition to core connectivity services, IIJ provides a broad portfolio of IT infrastructure offerings.