NEW YORK ( TheStreet) -- Shares of InfoSpace (Nasdaq: INSP) were gapping up Thursday morning with an open price 10.8% higher than Wednesday's closing price. The stock closed at $8.78 Wednesday and opened today's trading at $9.73. The average volume for InfoSpace has been 206,600 shares per day over the past 30 days. InfoSpace has a market cap of $317.3 million and is part of the technology sector and internet industry. Shares are up 5.8% year to date as of the close of trading on Wednesday. InfoSpace, Inc. develops search tools and technologies that assist consumers with finding content and information on the Internet. It offers search services that enable Internet users to locate and view content, information, merchants, individuals, and products online. The company has a P/E ratio of 23.5, equal to the average internet industry P/E ratio and above the S&P 500 P/E ratio of 16.9. TheStreet Ratings rates InfoSpace as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full InfoSpace Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping up? Get free SMS text alerts sent to you when the action happens by texting UP to 95370 or select from multiple alert options.
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