Internet Initiative Japan (OTCMKTS:IIJIY) Issues Earnings Results

Internet Initiative Japan (OTCMKTS:IIJIY) announced its quarterly earnings results on Thursday. The communications equipment provider reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.04, Zacks reports. Internet Initiative Japan had a net margin of 6.79% and a return on equity of 15.74%. The business had revenue of $713.87 million for the quarter, compared to analyst estimates of $610.90 million.

Internet Initiative Japan Stock Up 15.4%

Shares of Internet Initiative Japan stock traded up $6.04 during trading on Friday, reaching $45.14. 752 shares of the stock were exchanged, compared to its average volume of 435. The stock’s fifty day moving average is $43.64 and its 200 day moving average is $37.63. The firm has a market cap of $4.14 billion, a price-to-earnings ratio of 24.80 and a beta of 1.19. Internet Initiative Japan has a 1 year low of $27.00 and a 1 year high of $47.46.

About Internet Initiative Japan

Internet Initiative Japan Inc (IIJ) is a Japanese information technology and telecommunications company that provides internet connectivity, network services, and systems integration solutions. Founded in 1992, IIJ is recognized as one of Japan’s early commercial internet service providers and primarily serves businesses, government organizations, and other institutional customers.

The company offers dedicated internet access, wide-area networking, data center and cloud services, mobile communications, cybersecurity, and managed network operations.