Zacks: Internet Initiative Japan Inc. (IIJI) Given Average Rating of “Hold” by Analysts

Shares of Internet Initiative Japan Inc. (NASDAQ:IIJI) have been assigned an average broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.

Zacks has also given Internet Initiative Japan an industry rank of 81 out of 257 based on the ratings given to related companies.

Separately, Zacks Investment Research lowered Internet Initiative Japan from a “buy” rating to a “hold” rating in a report on Wednesday, August 29th.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC grew its holdings in Internet Initiative Japan by 3.2% in the 3rd quarter. Renaissance Technologies LLC now owns 415,315 shares of the communications equipment provider’s stock valued at $4,191,000 after buying an additional 12,715 shares in the last quarter. Jane Street Group LLC acquired a new position in Internet Initiative Japan in the 2nd quarter valued at $147,000. Finally, Rhumbline Advisers acquired a new position in Internet Initiative Japan in the 3rd quarter valued at $107,000. 0.51% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ IIJI opened at $11.88 on Monday. The company has a current ratio of 1.58, a quick ratio of 1.50 and a debt-to-equity ratio of 0.34. Internet Initiative Japan has a one year low of $8.76 and a one year high of $12.50. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 22.85, a PEG ratio of 1.96 and a beta of 0.68.

About Internet Initiative Japan

Internet Initiative Japan Inc offers Internet connectivity, WAN, outsourcing, systems integration, and equipment sales services in Japan. It operates in two segments, Network Services and Systems Integration Business, and ATM Operation Business. The company's Internet connectivity services for enterprise include IP services and IIJ data center connectivity services, IIJ FiberAccess/F and IIJ DSL/F services, IIJ mobile services, and dial-up access services, as well as other Internet connectivity services comprising IIJ ISDN/F and IIJ line management/F services.

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