Zacks: Internet Initiative Japan Inc. (IIJI) Given Average Rating of “Hold” by Brokerages

Shares of Internet Initiative Japan Inc. (NASDAQ:IIJI) have received an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.

Zacks has also given Internet Initiative Japan an industry rank of 74 out of 257 based on the ratings given to its competitors.

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

Large investors have recently modified their holdings of the stock. Jane Street Group LLC bought a new position in Internet Initiative Japan during the second quarter valued at $147,000. Renaissance Technologies LLC lifted its position in 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 valued at $4,191,000 after purchasing an additional 12,715 shares during the last quarter. Finally, Rhumbline Advisers bought a new position in Internet Initiative Japan during the third quarter valued at $107,000. Hedge funds and other institutional investors own 0.51% of the company’s stock.

Shares of NASDAQ:IIJI traded up $0.23 during midday trading on Friday, reaching $12.23. 6,360 shares of the company were exchanged, compared to its average volume of 3,950. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.50 and a current ratio of 1.58. Internet Initiative Japan has a one year low of $8.76 and a one year high of $12.50. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 23.53, a P/E/G ratio of 2.12 and a beta of 0.63.

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.

See Also: Book Value Per Share – BVPS

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