The9 (NASDAQ:NCTY) Upgraded to “Hold” by StockNews.com

StockNews.com upgraded shares of The9 (NASDAQ:NCTY) from a sell rating to a hold rating in a research report released on Friday morning.

The9 Price Performance

NASDAQ:NCTY opened at $8.65 on Friday. The9 has a 12 month low of $3.58 and a 12 month high of $10.00. The business’s fifty day moving average price is $7.21 and its 200 day moving average price is $7.43.

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.