Internet Initiative Japan (IIJI) Jumps: Stock Rises 7.8%
Internet Initiative Japan Inc.IIJI was a big mover last session, as its shares rose almost 8% on the day. The move came after the company reported fiscal third-quarter 2017 earnings of $7.4 million. This led to far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $7.40 to $8.10 in the past one-month time frame.
None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Internet Initiative Japan currently carries a Zacks Rank #3 (Hold).
Internet Initiative Japan, Inc. Price
A better-ranked stock in the Internet - Services space is Bridgeline Digital, Inc. BLIN , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
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