NIP Group (NASDAQ:NIPG) Upgraded by Wall Street Zen to Sell Rating

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

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

NIP Group Stock Up 7.4%

NASDAQ:NIPG opened at $13.80 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.87 and a quick ratio of 0.87. The business has a fifty day simple moving average of $11.72 and a two-hundred day simple moving average of $15.14. NIP Group has a 1 year low of $4.20 and a 1 year high of $57.00.

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.