StockNews.com Downgrades The9 (NASDAQ:NCTY) to Sell

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

The9 Trading Down 2.0 %

Shares of NCTY opened at $8.40 on Tuesday. The stock has a 50 day moving average price of $7.59 and a 200 day moving average price of $7.64. The9 has a one year low of $4.03 and a one year 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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