Internet Initiative Japan (OTCMKTS:IIJIY) Hits New 12-Month High – Still a Buy?

Shares of Internet Initiative Japan, Inc. (OTCMKTS:IIJIY) hit a new 52-week high on Monday . The stock traded as high as $44.61 and last traded at $44.61, with a volume of 926 shares trading hands. The stock had previously closed at $42.94.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group assumed coverage on shares of Internet Initiative Japan in a research note on Tuesday, June 30th. They set a “neutral” rating for the company. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

Internet Initiative Japan Stock Performance

The stock has a market cap of $4.09 billion, a price-to-earnings ratio of 24.51 and a beta of 1.11. The company’s 50 day simple moving average is $42.59 and its two-hundred day simple moving average is $37.02.

Internet Initiative Japan (OTCMKTS:IIJIY) last issued its earnings results on Thursday, August 6th. The communications equipment provider reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). Internet Initiative Japan had a net margin of 6.79% and a return on equity of 15.74%. The company had revenue of $616.85 million for the quarter, compared to analyst estimates of $537.56 million.

About Internet Initiative Japan

Internet Initiative Japan Inc (IIJ) is a Japanese information technology and telecommunications company that provides internet connectivity, network services and integrated digital solutions. Founded in 1992, the company is recognized as one of Japan’s early commercial internet service providers.

IIJ offers a broad range of services for businesses, government organizations and consumers, including dedicated internet access, wide-area networking, cloud computing, data center services, cybersecurity, systems integration and managed IT services.