Shares of Internet Initiative Japan Inc. (NASDAQ:IIJI) have been assigned an average broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Zacks has also given Internet Initiative Japan an industry rank of 89 out of 255 based on the ratings given to related companies.
IIJI has been the topic of several research analyst reports. ValuEngine downgraded shares of Internet Initiative Japan from a “buy” rating to a “hold” rating in a research report on Monday, June 18th. Zacks Investment Research raised shares of Internet Initiative Japan from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Tuesday, July 3rd.
Shares of NASDAQ IIJI traded down $0.06 during trading hours on Tuesday, hitting $9.49. 3,240 shares of the stock were exchanged, compared to its average volume of 6,715. The company has a quick ratio of 1.55, a current ratio of 1.61 and a debt-to-equity ratio of 0.34. The firm has a market cap of $942.69 million, a PE ratio of 18.25, a price-to-earnings-growth ratio of 1.78 and a beta of 0.57. Internet Initiative Japan has a 12 month low of $8.90 and a 12 month high of $12.50.
Internet Initiative Japan (NASDAQ:IIJI) last posted its quarterly earnings data on Wednesday, August 8th. The communications equipment provider reported $0.03 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.06). The firm had revenue of $409.94 million for the quarter, compared to the consensus estimate of $403.69 million. Internet Initiative Japan had a return on equity of 6.49% and a net margin of 2.59%. On average, equities research analysts anticipate that Internet Initiative Japan will post 0.42 earnings per share for the current fiscal year.
A hedge fund recently bought a new stake in Internet Initiative Japan stock. Jane Street Group LLC bought a new position in shares of Internet Initiative Japan Inc. (NASDAQ:IIJI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 14,640 shares of the communications equipment provider’s stock, valued at approximately $147,000. 0.49% of the stock is owned by institutional investors.
About Internet Initiative Japan
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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