Internet Initiative Japan, Inc. (NASDAQ:IIJI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

According to Zacks, “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) “

Separately, TheStreet downgraded Internet Initiative Japan from a “b-” rating to a “c+” rating in a research report on Friday, April 28th.

Shares of Internet Initiative Japan (NASDAQ IIJI) traded down 2.75% on Tuesday, hitting $8.85. The stock had a trading volume of 391 shares. The company has a market capitalization of $826.84 million, a price-to-earnings ratio of 28.64 and a beta of 0.71. Internet Initiative Japan has a 52 week low of $6.70 and a 52 week high of $11.00. The company has a 50-day moving average of $9.00 and a 200 day moving average of $8.91.

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A hedge fund recently raised its stake in Internet Initiative Japan stock. Renaissance Technologies LLC raised its position in shares of Internet Initiative Japan, Inc. (NASDAQ:IIJI) by 0.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 394,400 shares of the communications equipment provider’s stock after buying an additional 1,800 shares during the period. Renaissance Technologies LLC owned 0.43% of Internet Initiative Japan worth $4,121,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 0.48% of the company’s stock.

About Internet Initiative Japan

Internet Initiative Japan Inc (IIJ) is an Internet service provider (ISP) in Japan that offers Internet connectivity services for both enterprises and consumers. The Company 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.

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