The9 Limited (NASDAQ:NCTY - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $7.67 and traded as high as $9.45. The9 shares last traded at $9.42, with a volume of 238,962 shares.
Analysts Set New Price Targets
Separately, StockNews.com raised The9 from a "sell" rating to a "hold" rating in a report on Wednesday.
Read Our Latest Research Report on The9
The9 Trading Up 4.1 %
The firm has a fifty day moving average of $7.67 and a 200 day moving average of $7.69.
Institutional Trading of The9
A hedge fund recently raised its stake in The9 stock. Independent Advisor Alliance raised its holdings in The9 Limited (NASDAQ:NCTY - Free Report) by 17.5% during the 3rd quarter, according to the company in its most recent Form 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 about 0.18% of The9 worth $110,000 at the end of the most recent quarter. 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.
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