The9 (NASDAQ:NCTY) Downgraded by StockNews.com

StockNews.com cut shares of The9 (NASDAQ:NCTYFree Report) from a hold rating to a sell rating in a report released on Thursday.

The9 Price Performance

NCTY traded up $0.08 on Thursday, hitting $8.59. 6,310 shares of the company’s stock were exchanged, compared to its average volume of 40,795. The9 has a twelve month low of $3.55 and a twelve month high of $10.00. The stock has a fifty day moving average of $6.87 and a two-hundred day moving average of $7.29.

The9 Company Profile

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The9 Limited, together with its subsidiaries, operates as Internet company in the People's Republic of China and internationally. It also involves in the operation of cryptocurrency mining and Non-Fungible Token platform NFTSTAR, a NFT trading and community platform that provides users with purchase, trade, and interactive activities.

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