Internet Initiative Japan (OTCMKTS:IIJIY) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Internet Initiative Japan Inc. (OTCMKTS:IIJIY)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $37.63 and traded as low as $32.10. Internet Initiative Japan shares last traded at $32.10, with a volume of 560 shares changing hands.

Internet Initiative Japan Stock Down 5.3 %

The company has a 50 day moving average price of $35.14 and a 200-day moving average price of $37.63. The company has a market cap of $2.94 billion, a price-to-earnings ratio of 20.84 and a beta of 0.75.

Internet Initiative Japan (OTCMKTS:IIJIY) last released its quarterly earnings results on Friday, February 7th. The communications equipment provider reported $0.47 earnings per share (EPS) for the quarter. Internet Initiative Japan had a net margin of 6.80% and a return on equity of 15.89%. On average, analysts forecast that Internet Initiative Japan Inc. will post 0.37 EPS 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.