The9 Limited (NASDAQ:NCTY - Get Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $8.58 and traded as high as $18.88. The9 shares last traded at $17.41, with a volume of 180,858 shares changing hands.
Analyst Ratings Changes
Separately, StockNews.com cut shares of The9 from a "hold" rating to a "sell" rating in a research report on Thursday, November 21st.
Read Our Latest Stock Analysis on The9
The9 Stock Up 0.4 %
The firm's 50 day simple moving average is $10.73 and its 200 day simple moving average is $8.64.
Institutional Trading of The9
A hedge fund recently raised its stake in The9 stock. Independent Advisor Alliance boosted its holdings in shares of The9 Limited (NASDAQ:NCTY - Free Report) by 17.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,232 shares of the technology company's stock after purchasing an additional 2,422 shares during the quarter. Independent Advisor Alliance owned about 0.18% of The9 worth $110,000 as of its most recent SEC filing. 0.54% of the stock is owned by institutional investors.
About The9
(
Get Free Report)
The9 Limited operates as a cryptocurrency mining business in China, Eastern Europe, Asia, and North America. The company was formerly known as GameNow.net Limited and changed its name to The9 Limited in February 2004. The9 Limited was incorporated in 1999 and is headquartered in Shanghai, the People's Republic of China.
Featured Stories
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
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
