Internap Network Services Reaches New 52-Week High (INAP)

NEW YORK (TheStreet) -- Internap Network Services Corporation (Nasdaq:INAP) hit a new 52-week high Wednesday as it is currently trading at $7.90, above its previous 52-week high of $7.89 with 801,490 shares traded as of 3:31 p.m. ET. Average volume has been 418,700 shares over the past 30 days.

Internap Network Services has a market cap of $371.3 million and is part of the technology sector and internet industry. Shares are up 21.1% year to date as of the close of trading on Tuesday.

Internap Network Services Corporation provides information technology (IT) infrastructure services. The company operates through two segments, Data Center Services and IP Services.

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TheStreet Ratings rates Internap Network Services as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we find that revenues have generally been declining. You can view the full Internap Network Services Ratings Report.

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