Internet Initiative Japan (OTCMKTS:IIJIY) Stock Price Passes Below Two Hundred Day Moving Average of $36.79

Shares of Internet Initiative Japan Inc. (OTCMKTS:IIJIY) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $36.79 and traded as low as $34.24. Internet Initiative Japan shares last traded at $34.24, with a volume of 401 shares changing hands.

Internet Initiative Japan Stock Performance

The firm’s 50 day moving average is $37.77 and its 200-day moving average is $36.79. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 22.68 and a beta of 0.62.

Internet Initiative Japan (OTCMKTS:IIJIY) last released its quarterly earnings data on Wednesday, February 7th. The communications equipment provider reported $0.35 earnings per share (EPS) for the quarter. Internet Initiative Japan had a net margin of 7.09% and a return on equity of 16.43%. The business had revenue of $493.68 million during the quarter, compared to analyst estimates of $514.38 million. As a group, research analysts predict that Internet Initiative Japan Inc. will post 1.49 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.