Internet Initiative Japan (OTCMKTS:IIJIY) Stock Rating Lowered by Zacks Investment Research

Internet Initiative Japan (OTCMKTS:IIJIY) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday, reports.

According to Zacks, “Internet Initiative Japan Inc. offers a comprehensive range of Internet access services and Internet-related services to customers, including corporations and other Internet service providers, in Japan. The company offers its services via one of the largest Internet network backbones in Japan as well as between Japan and the United States. (PRESS RELEASE) “

Shares of IIJIY stock traded down $0.76 during trading hours on Tuesday, hitting $35.74. 674 shares of the company’s stock were exchanged, compared to its average volume of 1,978. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.07. The firm has a market cap of $3.34 billion, a P/E ratio of 35.39 and a beta of 0.13. The firm has a 50 day moving average of $33.06 and a two-hundred day moving average of $28.26. Internet Initiative Japan has a fifty-two week low of $18.41 and a fifty-two week high of $39.00.

Internet Initiative Japan (OTCMKTS:IIJIY) last announced its earnings results on Tuesday, August 10th. The communications equipment provider reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.23. Internet Initiative Japan had a return on equity of 13.72% and a net margin of 5.61%. On average, equities analysts forecast that Internet Initiative Japan will post 1.25 earnings per share for the current fiscal year.

About Internet Initiative Japan

Internet Initiative Japan Inc engages in the provision of Internet connectivity and wide area network services; network systems construction, operation and maintenance; and telecommunications equipment. It operates through the Network Service and Systems Integration, and Automated Teller Machine (ATM) Operation segments.

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