Internet Initiative Japan (OTCMKTS:IIJIY) Reaches New 52-Week High at $11.10

Shares of Internet Initiative Japan Inc. (OTCMKTS:IIJIY) hit a new 52-week high on Tuesday . The company traded as high as $11.10 and last traded at $11.10, with a volume of 100 shares. The stock had previously closed at $10.94.

Separately, Zacks Investment Research lowered Internet Initiative Japan from a “hold” rating to a “sell” rating in a research note on Friday.

The company has a current ratio of 1.53, a quick ratio of 1.46 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $1.04 billion, a PE ratio of 31.63 and a beta of 0.63. The firm has a fifty day moving average price of $9.71.

Internet Initiative Japan (OTCMKTS:IIJIY) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.08 earnings per share (EPS) for the quarter. Internet Initiative Japan had a return on equity of 9.01% and a net margin of 2.06%. The company had revenue of $453.39 million during the quarter. Research analysts predict that Internet Initiative Japan Inc. will post 0.5 earnings per share for the current year.

About Internet Initiative Japan (OTCMKTS:IIJIY)

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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