NEW YORK ( TheStreet) -- InfoSpace (Nasdaq: INSP) hit a new 52-week high Friday as it is currently trading at $10.25, above its previous 52-week high of $10.20 with 137,588 shares traded as of 10:30 a.m. ET. Average volume has been 243,100 shares over the past 30 days. InfoSpace has a market cap of $397.1 million and is part of the technology sector and internet industry. Shares are up 22% year to date as of the close of trading on Thursday. InfoSpace, Inc. develops search tools and technologies that assist consumers with finding information, merchants, individuals, products, and other content on the Internet. It operates in two segments, Core and E-Commerce. The company has a P/E ratio of 23.4, below the average internet industry P/E ratio of 31.5 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates InfoSpace as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full InfoSpace Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.
Shares of InfoSpace (Nasdaq:INSP) were gapping up Thursday morning with an open price 12.2% higher than Wednesday's closing price. The stock closed at $10.98 yesterday and opened today's trading at $12.32.