Internet Initiative Japan (OTCMKTS:IIJIY) Reaches New 1-Year High at $12.00

Internet Initiative Japan Inc. (OTCMKTS:IIJIY) reached a new 52-week high on Friday . The company traded as high as $12.00 and last traded at $12.00, with a volume of 305 shares traded. The stock had previously closed at $11.58.

IIJIY has been the topic of several analyst reports. ValuEngine raised shares of Internet Initiative Japan from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Zacks Investment Research raised Internet Initiative Japan from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th.

The company’s 50 day moving average is $11.60 and its 200 day moving average is $10.66. The company has a market cap of $1.08 billion, a PE ratio of 34.29 and a beta of 0.56. The company has a current ratio of 1.35, a quick ratio of 1.32 and a debt-to-equity ratio of 0.17.

An institutional investor recently bought a new position in Internet Initiative Japan stock. Aperio Group LLC bought a new stake in Internet Initiative Japan Inc. (OTCMKTS:IIJIY) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,858 shares of the communications equipment provider’s stock, valued at approximately $46,000.

About Internet Initiative Japan (OTCMKTS:IIJIY)

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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