The9 (NASDAQ:NCTY) Stock Rating Lowered by StockNews.com

Posted by on Oct 30th, 2024

StockNews.com cut shares of The9 (NASDAQ:NCTY – Free Report) from a hold rating to a sell rating in a report issued on Saturday morning.

The9 Stock Performance

Shares of NCTY opened at $8.68 on Friday. The business’s fifty day moving average price is $7.40 and its 200 day moving average price is $7.52. The9 has a 12-month low of $4.03 and a 12-month 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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