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

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

Zacks has also assigned Internet Initiative Japan an industry rank of 141 out of 255 based on the ratings given to its competitors.

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Several research analysts have recently commented on IIJI shares. Zacks Investment Research upgraded Internet Initiative Japan from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a report on Thursday, December 6th. ValuEngine downgraded Internet Initiative Japan from a “buy” rating to a “hold” rating in a research report on Friday, February 8th.

Shares of NASDAQ IIJI traded down $0.45 during trading on Monday, hitting $9.90. 5,552 shares of the company were exchanged, compared to its average volume of 3,594. Internet Initiative Japan has a 12-month low of $8.76 and a 12-month high of $12.43. The company has a quick ratio of 1.43, a current ratio of 1.52 and a debt-to-equity ratio of 0.34. The firm has a market cap of $924.71 million, a PE ratio of 19.03, a P/E/G ratio of 1.83 and a beta of 0.64.

An institutional investor recently bought a new position in Internet Initiative Japan stock. Rhumbline Advisers acquired a new position in shares of Internet Initiative Japan Inc. (NASDAQ:IIJI) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 10,698 shares of the communications equipment provider’s stock, valued at approximately $107,000. Institutional investors and hedge funds own 0.51% of the company’s stock.

Internet Initiative Japan Company Profile

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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