500.com Ltd (NYSE:WBAI) shares reached a new 52-week low on Tuesday . The company traded as low as $5.22 and last traded at $7.20, with a volume of 100 shares trading hands. The stock had previously closed at $7.10.
Separately, ValuEngine downgraded 500.com from a “buy” rating to a “hold” rating in a research note on Friday, September 7th.
500.com (NYSE:WBAI) last issued its earnings results on Friday, July 27th. The company reported ($0.19) EPS for the quarter. 500.com had a negative return on equity of 22.25% and a negative net margin of 195.75%. The business had revenue of $4.59 million for the quarter.
500.com Company Profile (NYSE:WBAI)
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.
Featured Article: How to interpret a stock’s beta number
Receive News & Ratings for 500.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 500.com and related companies with MarketBeat.com's FREE daily email newsletter.