ValuEngine upgraded shares of 500.com (NYSE:WBAI) from a hold rating to a buy rating in a report published on Thursday.
WBAI traded down $0.42 during midday trading on Thursday, hitting $12.80. 8,995 shares of the company were exchanged, compared to its average volume of 30,316. 500.com has a 1-year low of $5.22 and a 1-year high of $23.22.
500.com (NYSE:WBAI) last announced its quarterly earnings results on Tuesday, November 6th. The company reported ($0.35) earnings per share for the quarter. The company had revenue of $4.38 million for the quarter. 500.com had a negative return on equity of 25.38% and a negative net margin of 231.56%.
500.com Company Profile
500.com Limited, through its subsidiaries, provides online gaming services primarily in the People's Republic of China and Europe. It operates online gaming sites, such as Multilotto.com or Multilotto.net in Curacao, Malta, the United Kingdom, and Ireland, as well as provides users with various casino services, including online slot machines and online table games.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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