NIP Group (NASDAQ:NIPG) Given "Sell (E+)" Rating at Weiss Ratings

Key Points

• NIP Group's stock has been given a "Sell (E+)" rating by Weiss Ratings, while Wall Street Zen upgraded it to a "hold" rating.
• The average price target for NIP Group's stock is $6.00, with one analyst rating it as a Buy and another as a Sell.
• NIP Group's stock opened at $1.77, with a 52-week low of $0.99 and a high of $7.60.

NIP Group (NASDAQ:NIPG - Get Free Report)'s stock had its "sell (e+)" rating reissued by equities researchers at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded NIP Group to a "hold" rating in a report on Saturday, July 5th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, NIP Group has an average rating of "Hold" and an average price target of $6.00.

NIP Group Stock Performance

NIPG stock opened at $1.77 on Wednesday. The business has a fifty day simple moving average of $1.85 and a 200-day simple moving average of $1.79. NIP Group has a 52 week low of $0.99 and a 52 week high of $7.60.

Hedge Funds Weigh In On NIP Group

A hedge fund recently bought a new stake in NIP Group stock. Quadrature Capital Ltd acquired a new stake in NIP Group Inc. Sponsored ADR (NASDAQ:NIPG - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,782 shares of the company's stock, valued at approximately $29,000.

About NIP Group

Our mission is to create transformative esports experiences that entertain, inspire and connect fans across the globe. Our vision is to become the premier esports organization in the world. We are a leading esports organization with the most expansive global footprint by virtue of our operations across Asia, Europe and South America, according to the Frost & Sullivan Report.

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