NIP Group (NASDAQ:NIPG) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of NIP Group (NASDAQ:NIPG) to a sell rating in a research report released on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of NIP Group in a research note on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

NIP Group Stock Performance

NASDAQ:NIPG opened at $13.25 on Friday. NIP Group has a 52 week low of $4.20 and a 52 week high of $56.40. The firm has a 50-day moving average price of $11.86 and a two-hundred day moving average price of $14.98. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.01.

About NIP Group

NIP Group (NASDAQ: NIPG) is a global esports and gaming entertainment company. The group operates competitive esports teams, develops gaming-related content, and provides services for brands, game publishers, tournament organizers and other partners. Its activities span team operations, esports event participation, content creation, sponsorships, merchandising and related gaming lifestyle initiatives.

The company’s principal brands include Ninjas in Pyjamas, a longstanding esports organization founded in Sweden in 2000, and ESV5, its China-focused esports and entertainment platform.