BidaskClub lowered shares of 500.com Limited (NYSE:WBAI) from a hold rating to a sell rating in a research report sent to investors on Saturday.

Separately, ValuEngine upgraded 500.com Limited from a strong sell rating to a sell rating in a research note on Friday, June 2nd.

500.com Limited (NYSE:WBAI) opened at 10.93 on Friday. The stock’s market capitalization is $445.58 million. 500.com Limited has a 52 week low of $8.12 and a 52 week high of $19.98. The company’s 50-day moving average price is $10.90 and its 200 day moving average price is $11.84.

500.com Limited (NYSE:WBAI) last posted its quarterly earnings results on Wednesday, May 10th. The company reported ($0.22) earnings per share for the quarter. The business had revenue of $2.68 million during the quarter. Equities research analysts expect that 500.com Limited will post ($0.39) EPS for the current fiscal year.

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Several institutional investors have recently modified their holdings of the company. Guggenheim Capital LLC raised its position in shares of 500.com Limited by 0.7% in the fourth quarter. Guggenheim Capital LLC now owns 19,860 shares of the company’s stock valued at $304,000 after buying an additional 138 shares during the last quarter. PEAK6 Investments L.P. purchased a new position in shares of 500.com Limited during the first quarter valued at about $268,000. Finally, Dimensional Fund Advisors LP purchased a new position in shares of 500.com Limited during the fourth quarter valued at about $1,253,000. 21.54% of the stock is currently owned by institutional investors.

500.com Limited Company Profile

500.com Limited is an online sports lottery service provider in China. The Company acts as an aggregator and processor of lottery purchase orders from its registered user accounts and derive substantially all of its revenues from service fees paid to it by provincial sports lottery administration centers for the purchase orders of sports lottery products that it direct to such centers.

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