Internet Initiative Japan (OTCMKTS:IIJIY) Shares Pass Below 200 Day Moving Average – Here’s Why

Internet Initiative Japan Inc. (OTCMKTS:IIJIY) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $37.63 and traded as low as $32.10. Internet Initiative Japan shares last traded at $32.10, with a volume of 560 shares changing hands.

Internet Initiative Japan Price Performance

The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 20.84 and a beta of 0.75. The firm’s fifty day moving average price is $35.06 and its two-hundred day moving average price is $37.58.

Internet Initiative Japan (OTCMKTS:IIJIY) last released its quarterly earnings results on Friday, February 7th. The communications equipment provider reported $0.47 EPS for the quarter. Internet Initiative Japan had a return on equity of 15.89% and a net margin of 6.80%. On average, equities research analysts anticipate that Internet Initiative Japan Inc. will post 0.37 earnings per share for the current year.

About Internet Initiative Japan

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.