The9 Limited (NASDAQ:NCTY - Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $9.74 and traded as high as $15.50. The9 shares last traded at $14.80, with a volume of 64,539 shares trading hands.
Analyst Ratings Changes
Separately, StockNews.com downgraded The9 from a "hold" rating to a "sell" rating in a research note on Thursday, November 21st.
Check Out Our Latest Report on The9
The9 Trading Down 2.0 %
The business's 50-day simple moving average is $13.78 and its two-hundred day simple moving average is $9.76.
Institutional Inflows and Outflows
An institutional investor recently raised its position in The9 stock. Independent Advisor Alliance grew its stake in shares of The9 Limited (NASDAQ:NCTY - Free Report) by 17.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,232 shares of the technology company's stock after buying an additional 2,422 shares during the period. Independent Advisor Alliance owned 0.18% of The9 worth $110,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 0.54% of the company's stock.
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.
Further Reading
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