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

Shares of Internet Initiative Japan, Inc. (OTCMKTS:IIJIY) gapped up prior to trading on Friday. The stock had previously closed at $39.10, but opened at $44.00. Internet Initiative Japan shares last traded at $45.14, with a volume of 400 shares trading hands.

Internet Initiative Japan Stock Up 14.3%

The stock’s 50 day moving average is $43.60 and its two-hundred day moving average is $37.57. The company has a market capitalization of $4.10 billion, a PE ratio of 24.55 and a beta of 1.19.

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

About Internet Initiative Japan

Internet Initiative Japan Inc (IIJ) is a Japanese information technology and telecommunications company that provides internet connectivity, network services, and systems integration solutions. Founded in 1992, IIJ is recognized as one of Japan’s early commercial internet service providers and primarily serves businesses, government organizations, and other institutional customers.

The company offers dedicated internet access, wide-area networking, data center and cloud services, mobile communications, cybersecurity, and managed network operations.