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

StockNews.com lowered shares of The9 (NASDAQ:NCTY) from a hold rating to a sell rating in a report released on Monday.

The9 Stock Performance

Shares of NCTY stock opened at $8.66 on Monday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.09. The business has a 50-day moving average price of $6.58 and a two-hundred day moving average price of $6.55. The9 has a 12-month low of $3.33 and a 12-month high of $14.70.

About The9

The9 Limited, together with its subsidiaries, operates as Internet company in the People's Republic of China and internationally. It also involves in the operation of cryptocurrency mining and Non-Fungible Token platform NFTSTAR, a NFT trading and community platform that provides users with purchase, trade, and interactive activities.