Internet Initiative Japan (OTCMKTS:IIJIY) Shares Gap Up – What’s Next?
by Renee Jackson · The Cerbat GemInternet Initiative Japan, Inc. (OTCMKTS:IIJIY – Get Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $33.25, but opened at $35.20. Internet Initiative Japan shares last traded at $35.20, with a volume of 1,500 shares trading hands.
Internet Initiative Japan Price Performance
The business’s 50 day moving average price is $35.78 and its 200 day moving average price is $36.68. The stock has a market capitalization of $3.23 billion, a P/E ratio of 20.83 and a beta of 1.15.
Internet Initiative Japan (OTCMKTS:IIJIY – Get Free Report) last issued its earnings results on Friday, November 7th. The communications equipment provider reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.08. The company had revenue of $555.81 million for 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%. As a group, analysts forecast that Internet Initiative Japan, Inc. will post 0.37 earnings per share for the current fiscal year.
Internet Initiative Japan Company Profile
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.