The9 Limited (NASDAQ:NCTY - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.32 and traded as high as $15.89. The9 shares last traded at $15.47, with a volume of 80,508 shares trading hands.
Analysts Set New Price Targets
Separately, StockNews.com downgraded The9 from a "hold" rating to a "sell" rating in a report on Thursday, November 21st.
Read Our Latest Stock Analysis on NCTY
The9 Price Performance
The business has a 50-day moving average price of $15.34 and a 200 day moving average price of $10.36.
Hedge Funds Weigh In On The9
A hedge fund recently raised its stake in The9 stock. Independent Advisor Alliance boosted its stake in The9 Limited (NASDAQ:NCTY - Free Report) by 17.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,232 shares of the technology company's stock after purchasing an additional 2,422 shares during the period. Independent Advisor Alliance owned approximately 0.18% of The9 worth $110,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 0.54% of the company's stock.
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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