The9 Limited falls 14% after Roth Capital initiates with ‘hold’ rating
The9 Limited (Nasdaq:NCTY) is off 14% after Roth Capital initiated coverage of the stock on Wednesday with a “hold” rating. The research firm set a price target for the China-based online game operator at $27. During the past year, the stock has ranged from $15.05 to $51.95. The9 is down 53% from a year ago.
In today’s trading, shares are at $24.10 at 12:16 p.m. ET, down $4.16 from Wednesday’s close. Trading volume is more than 100,000 shares above the average number.
For detailed price information and recent news stories about The9 Limited, click NCTY.
