InfoSpace Hits Low on Job Cuts

InfoSpace

(INSP) - Get Report

was down 11.8% in midmorning after striking a 52-week low of $3.66.

The online information company late Monday said it would cut 20% of its work force, or 250 jobs, as part of plan to refocus on high-growth parts of its business.

The stock is down from a 52-week high of $138.50.