The9 (NASDAQ:NCTY) Lifted to Hold at StockNews.com

StockNews.com upgraded shares of The9 (NASDAQ:NCTY) from a sell rating to a hold rating in a research note issued to investors on Friday morning.

The9 Stock Performance

NCTY stock opened at $8.98 on Friday. The9 has a 1 year low of $3.55 and a 1 year high of $10.00. The stock’s fifty day moving average price is $7.16 and its 200-day moving average price is $7.42.

The9 Company Profile

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.