NEW YORK ( TheStreet) -- InfoSpace (Nasdaq: INSP) hit a new 52-week high Monday as it is currently trading at $13.11, above its previous 52-week high of $13.03 with 49,061 shares traded as of 9:45 a.m. ET. Average volume has been 293,000 shares over the past 30 days.

InfoSpace has a market cap of $481 million and is part of the technology sector and internet industry. Shares are up 18.4% year to date as of the close of trading on Friday.

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 14.9, below the average internet industry P/E ratio of 38.1 and below 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, compelling growth in net income and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full InfoSpace Ratings Report.

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