The9 (NASDAQ:NCTY) Stock Passes Above 200-Day Moving Average of $6.82

The9 Limited (NASDAQ:NCTY)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.82 and traded as high as $7.47. The9 shares last traded at $7.24, with a volume of 12,603 shares traded.

Analyst Ratings Changes

Separately, StockNews.com raised shares of The9 from a “sell” rating to a “hold” rating in a research report on Tuesday, May 28th.

The9 Stock Performance

The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.09. The company’s 50-day simple moving average is $8.24 and its 200 day simple moving average is $6.82.

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.