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

StockNews.com cut shares of The9 (NASDAQ:NCTY) from a hold rating to a sell rating in a research note published on Monday morning.

The9 Stock Performance

Shares of NCTY opened at $7.89 on Monday. The stock’s fifty day simple moving average is $6.52 and its 200-day simple moving average is $6.53. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.09. 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.