Stock Worth Mentioning Today: Internet Initiative Japan Inc. (ADR) Sets 52 Week Low; Strong Momentum for Sellers

Stock Worth Mentioning Today: Internet Initiative Japan Inc. (ADR) Sets 52 Week Low; Strong Momentum for Sellers

The stock of Internet Initiative Japan Inc. (ADR) (NASDAQ:IIJI) hit a new 52-week low and has $7.18 target or 9.00% below today’s $7.89 share price. The 6 months bearish chart indicates high risk for the $734.74 million company. The 1-year low was reported on Nov, 7 by Barchart.com. If the $7.18 price target is reached, the company will be worth $66.13 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 13,186 shares traded hands or 1092.22% up from the average. Internet Initiative Japan Inc. (ADR) (NASDAQ:IIJI) has declined 14.97% since April 5, 2016 and is downtrending. It has underperformed by 16.93% the S&P500.

Analysts await Internet Initiative Japan Inc. (ADR) (NASDAQ:IIJI) to report earnings on November, 14.

According to Zacks Investment Research, “Internet Initiative Japan Inc. offers a comprehensive range of Internet access services and Internet-related services to customers, including corporations and other Internet service providers, in Japan. The company offers its services via one of the largest Internet network backbones in Japan as well as between Japan and the United States. (PRESS RELEASE)”

More notable recent Internet Initiative Japan Inc. (ADR) (NASDAQ:IIJI) news were published by: Benzinga.com which released: “Mid-Afternoon Market Update: NeoPhotonics Drops After Disappointing Q3 Results …” on November 04, 2016, also Valuewalk.com with their article: “Interview with Steven Towns, Author of Investing in Japan” published on April 16, 2012, Zacks.com published: “4 Stocks to Buy on Japan’s Fresh Economic Stimulus” on July 27, 2016. More interesting news about Internet Initiative Japan Inc. (ADR) (NASDAQ:IIJI) were released by: Nasdaq.com and their article: “Asian ADRs Surge Higher in Monday Trading” published on November 07, 2016 as well as Zacks.com‘s news article titled: “5 Foreign Stocks to Buy at Bargain Prices” with publication date: April 13, 2016.

IIJI Company Profile

Internet Initiative Japan Inc. (IIJ), incorporated on December 3, 1992, is an Internet service well-known provider (ISP) in Japan that offers Internet connectivity services for both enterprises and consumers. The Firm provides Internet connectivity services, wide area network (WAN) services, outsourcing services, systems integration and equipment sales as total network solutions to Japanese corporate clients and governmental organizations. The Firm operates through two divisions: a network services and systems integration business segment and an ATM operation business segment. The network services and systems integration business segment consist of its Internet connectivity services for enterprise and consumers, WAN services, outsourcing services, systems integration and equipment sales.

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