Internet Initiative Japan (OTCMKTS:IIJIY) Shares Gap Down – Should You Sell?

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY) gapped down before the market opened on Friday . The stock had previously closed at $38.99, but opened at $34.66. Internet Initiative Japan shares last traded at $34.66, with a volume of 110 shares trading hands.

Internet Initiative Japan Stock Down 9.9%

The stock’s fifty day moving average price is $35.43 and its two-hundred day moving average price is $33.42. The company has a market capitalization of $3.18 billion, a PE ratio of 19.26 and a beta of 1.16.

Internet Initiative Japan (OTCMKTS:IIJIY) last posted its earnings results on Thursday, May 14th. The communications equipment provider reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.10. The company had revenue of $607.44 million during the quarter, compared to analyst estimates of $598.43 million. Internet Initiative Japan had a net margin of 6.97% and a return on equity of 15.88%.

About Internet Initiative Japan

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.