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InfoSpace Inc. (INSP) Shares Cross Below Book Value

By Market News Video Staff, Thursday, July 28, 1:10 PM ET
Now Playing: The Importance of Book Value


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In trading on Thursday, shares of InfoSpace Inc. (INSP) crossed below their last reported book value — defined as common shareholder equity per share — of $8.83, changing hands as low as $8.69 per share. InfoSpace Inc. shares are currently trading up about 1.2% on the day. The chart below shows the one year performance of INSP shares, versus its 50 and 200 day moving averages:

InfoSpace Inc. Moving Averages Chart

Looking at the chart above, INSP's low point in its 52 week range is $6.62 per share, with $9.84 as the 52 week high point — that compares with a last trade of $9.18.

INSP operates in the Application Software sector, among companies like Check Point Software Technologies, Ltd. (NASDAQ:CHKP) which is up about 0.8% today, and SK Telecom Co., Ltd. (NYSE:SKM) trading lower by about 1.7%. Below is a three month price history chart comparing the stock performance of INSP, versus CHKP and SKM.

INSP,CHKP,SKM Relative Performance Chart


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This Article's Word Cloud:   Application   Below   Book   CHKP   INSP   InfoSpace   Investment   Portfolio   Software   Value   about   above   allows   among   asset   below   bonds   book   chart   classes   common   companies   completely   countries   currently   designed   growth   hands   history   last   operates   performance   point   portfolio   price   range   raquo   share   shareholder   shares   short   slideshow   stocks   terms   there   trading   versus   week   with   year
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