The9 (NASDAQ:NCTY) Downgraded by StockNews.com to “Sell”

StockNews.com downgraded shares of The9 (NASDAQ:NCTYFree Report) from a hold rating to a sell rating in a research note issued to investors on Tuesday.

The9 Trading Up 0.9 %

Shares of The9 stock opened at $8.25 on Tuesday. The firm’s 50-day simple moving average is $7.51 and its 200-day simple moving average is $7.61. The9 has a twelve month low of $4.03 and a twelve month high of $10.00.

About The9

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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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