The9 (NASDAQ:NCTY - Get Free Report) was downgraded by StockNews.com from a "hold" rating to a "sell" rating in a report issued on Thursday.
The9 Trading Up 4.2 %
Shares of NASDAQ NCTY traded up $0.35 during midday trading on Thursday, reaching $8.51. 101,008 shares of the company were exchanged, compared to its average volume of 40,972. The9 has a one year low of $3.55 and a one year high of $10.00. The stock's 50-day moving average price is $6.87 and its 200-day moving average price is $7.29. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.37 and a current ratio of 1.37.
The9 Company Profile
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider The9, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The9 wasn't on the list.
While The9 currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
