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.
NEW YORK ( TheStreet) -- 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 Wednesday and opened today's trading at $12.32. The average volume for InfoSpace has been 363,600 shares per day over the past 30 days. InfoSpace has a market cap of $438.1 million and is part of the technology sector and internet industry. Shares are down 0.1% year to date as of the close of trading on Wednesday. InfoSpace, Inc. develops search tools and technologies that enable consumers to find content and information on the Internet. Its search solutions enable Internet users to locate and view content, information, merchants, individuals, and products online. The company has a P/E ratio of 13.4, below the average internet industry P/E ratio of 19.6 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 attractive 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. Get more investment ideas from our investment research center.