Zacks: Internet Initiative Japan Inc. (IIJI) Receives Consensus Recommendation of “Hold” from Analysts

Internet Initiative Japan Inc. (NASDAQ:IIJI) has been given an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.

Zacks has also assigned Internet Initiative Japan an industry rank of 152 out of 256 based on the ratings given to related companies.

Separately, Zacks Investment Research raised shares of Internet Initiative Japan from a “sell” rating to a “hold” rating in a research note on Wednesday, November 14th.

IIJI opened at $11.60 on Wednesday. The company has a quick ratio of 1.50, a current ratio of 1.58 and a debt-to-equity ratio of 0.34. The company has a market cap of $1.08 billion, a P/E ratio of 22.31, a price-to-earnings-growth ratio of 1.91 and a beta of 0.72. Internet Initiative Japan has a fifty-two week low of $8.76 and a fifty-two week high of $12.50.

Internet Initiative Japan (NASDAQ:IIJI) last posted its quarterly earnings results on Tuesday, November 6th. The communications equipment provider reported $0.07 earnings per share for the quarter. The business had revenue of $414.98 million during the quarter, compared to the consensus estimate of $415.22 million. Internet Initiative Japan had a net margin of 3.05% and a return on equity of 6.26%. On average, equities research analysts anticipate that Internet Initiative Japan will post 0.45 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of the business. Renaissance Technologies LLC increased its position in shares of Internet Initiative Japan by 3.2% during the third quarter. Renaissance Technologies LLC now owns 415,315 shares of the communications equipment provider’s stock worth $4,191,000 after acquiring an additional 12,715 shares in the last quarter. Rhumbline Advisers acquired a new stake in Internet Initiative Japan in the third quarter valued at $107,000. Finally, Jane Street Group LLC acquired a new stake in Internet Initiative Japan in the second quarter valued at $147,000. 0.51% of the stock is owned by hedge funds and other 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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