500.com (WBAI) Upgraded by ValuEngine to “Buy”

500.com (NYSE:WBAI) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

WBAI stock opened at $12.82 on Thursday. 500.com has a 52 week low of $5.22 and a 52 week high of $23.22.

500.com (NYSE:WBAI) last released its earnings results on Tuesday, November 6th. The company reported ($0.35) EPS for the quarter. 500.com had a negative net margin of 231.56% and a negative return on equity of 25.38%. The business had revenue of $4.38 million for the quarter.

An institutional investor recently raised its position in 500.com stock. Krane Funds Advisors LLC lifted its holdings in shares of 500.com Ltd (NYSE:WBAI) by 26.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 52,350 shares of the company’s stock after purchasing an additional 10,831 shares during the period. Krane Funds Advisors LLC owned about 0.12% of 500.com worth $579,000 as of its most recent filing with the SEC. Institutional investors own 11.28% of the company’s stock.

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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