Internet Initiative Japan (OTCMKTS:IIJIY) Stock Passes Above Fifty Day Moving Average – Should You Sell?

Shares of Internet Initiative Japan Inc. (OTCMKTS:IIJIY) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $36.47 and traded as high as $40.88. Internet Initiative Japan shares last traded at $40.88, with a volume of 114 shares trading hands.

Internet Initiative Japan Stock Up 2.2%

The firm has a market capitalization of $3.74 billion, a price-to-earnings ratio of 26.54 and a beta of 1.04. The company has a fifty day moving average price of $36.47 and a two-hundred day moving average price of $36.57.

Internet Initiative Japan (OTCMKTS:IIJIY) last posted its quarterly earnings data on Tuesday, May 13th. The communications equipment provider reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.07). The firm had revenue of $590.48 million during the quarter, compared to analyst estimates of $575.53 million. Internet Initiative Japan had a net margin of 6.80% and a return on equity of 15.89%. On average, equities analysts anticipate that Internet Initiative Japan Inc. will post 0.37 earnings per share for the current fiscal 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.