Internet Initiative Japan (NASDAQ:IIJI) Stock Price Crosses Below Fifty Day Moving Average of $9.51

Internet Initiative Japan Inc. (NASDAQ:IIJI) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $9.51 and traded as low as $9.23. Internet Initiative Japan shares last traded at $9.23, with a volume of 100 shares trading hands.

The firm has a market capitalization of $862.36 million, a price-to-earnings ratio of 17.75 and a beta of 0.75. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.52 and a quick ratio of 1.43. The firm has a 50 day moving average price of $9.49 and a 200-day moving average price of $10.06.

An institutional investor recently bought a new position in Internet Initiative Japan stock. Aperio Group LLC bought a new stake in shares of Internet Initiative Japan Inc. (NASDAQ:IIJI) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,858 shares of the communications equipment provider’s stock, valued at approximately $46,000. Institutional investors and hedge funds own 0.50% of the company’s stock.

About Internet Initiative Japan (NASDAQ:IIJI)

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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