The9 (NASDAQ:NCTY) Rating Lowered to Sell at StockNews.com

The9 (NASDAQ:NCTY) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Saturday.

The9 Trading Down 0.6 %

NCTY stock opened at $8.36 on Friday. The9 has a 12-month low of $4.03 and a 12-month high of $10.00. The business’s 50-day moving average is $7.34 and its 200 day moving average is $7.48.

About The9

The9 Limited operates as a cryptocurrency mining business in China, Eastern Europe, Asia, and North America. The company was formerly known as GameNow.net Limited and changed its name to The9 Limited in February 2004. The9 Limited was incorporated in 1999 and is headquartered in Shanghai, the People’s Republic of China.