The9 Limited (NASDAQ:NCTY - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.16 and traded as high as $15.00. The9 shares last traded at $14.60, with a volume of 181,445 shares.
The9 Trading Up 7.5 %
The firm's fifty day simple moving average is $13.87 and its 200 day simple moving average is $12.34.
Institutional Trading of The9
Several institutional investors and hedge funds have recently made changes to their positions in the company. Marshall Wace LLP acquired a new position in The9 during the fourth quarter worth approximately $823,000. Jump Financial LLC purchased a new position in shares of The9 during the fourth quarter worth approximately $230,000. Finally, Headlands Technologies LLC acquired a new position in shares of The9 in the 4th quarter valued at $67,000. 0.54% of the stock is owned by hedge funds and other institutional investors.
The9 Company Profile
(
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.
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