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

StockNews.com downgraded shares of The9 (NASDAQ:NCTYFree Report) from a hold rating to a sell rating in a research note published on Saturday morning.

The9 Price Performance

Shares of NASDAQ NCTY opened at $8.68 on Friday. The firm has a fifty day moving average of $7.40 and a 200-day moving average of $7.52. The9 has a 52-week low of $4.03 and a 52-week high of $10.00.

The9 Company Profile

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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.

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