Shares of Internap Corp (NASDAQ:INAP) were down 11.7% during mid-day trading on Wednesday . The stock traded as low as $0.80 and last traded at $0.83, approximately 650,937 shares were traded during mid-day trading. An increase of 95% from the average daily volume of 334,059 shares. The stock had previously closed at $0.94.
Several equities analysts have recently issued reports on INAP shares. ValuEngine raised shares of Internap from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Zacks Investment Research lowered shares of Internap from a “hold” rating to a “sell” rating in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $7.20.
The company has a market cap of $22.13 million, a price-to-earnings ratio of -0.24 and a beta of 2.93. The firm’s fifty day moving average price is $1.04 and its 200-day moving average price is $1.73.
About Internap (NASDAQ:INAP)
Internap Corp. engages in the provision of information technology infrastructure services. It operates through the following segments: INAP US and INAP INTL. The INAP US segment consists of U. S. Colocation, U. S. Cloud, and U. S. Network services based in the United States. The INAP INTL segment consists of these same services based in countries other than the United States, and Ubersmith.
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