Zhaopin Limited (NYSE:ZPIN) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Thursday.

Shares of Zhaopin Limited (NYSE ZPIN) remained flat at $18.24 during midday trading on Thursday. 1,205 shares of the stock traded hands. Zhaopin Limited has a 12 month low of $13.70 and a 12 month high of $18.98. The stock’s 50-day moving average price is $18.51 and its 200 day moving average price is $18.11. The company has a market capitalization of $1.02 billion, a PE ratio of 38.32 and a beta of 1.40.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC grew its holdings in shares of Zhaopin Limited by 22.2% during the first quarter. Renaissance Technologies LLC now owns 513,900 shares of the business services provider’s stock valued at $8,854,000 after buying an additional 93,300 shares during the last quarter. Karp Capital Management Corp bought a new position in shares of Zhaopin Limited during the first quarter valued at about $250,000. Asset Management One Co. Ltd. bought a new position in shares of Zhaopin Limited during the first quarter valued at about $220,000. Athos Capital Ltd bought a new position in shares of Zhaopin Limited during the second quarter valued at about $11,044,000. Finally, Pictet Asset Management Ltd. lifted its position in shares of Zhaopin Limited by 29.4% during the first quarter. Pictet Asset Management Ltd. now owns 15,148 shares of the business services provider’s stock valued at $261,000 after purchasing an additional 3,440 shares in the last quarter. Hedge funds and other institutional investors own 26.51% of the company’s stock.

About Zhaopin Limited

Zhaopin Limited is a holding company. The Company, through its subsidiaries, is engaged in operating an online recruitment platform in the People’s Republic of China. It also provides human resources related services, including campus recruitment, executive searches and print advertising. Its Website, zhaopin.com, is a career-focused Website in China.

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