Shares of The9 Limited (NASDAQ:NCTY - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.80 and traded as high as $11.30. The9 shares last traded at $10.98, with a volume of 163,051 shares trading hands.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded shares of The9 from a "sell" rating to a "hold" rating in a research report on Wednesday, November 13th.
Get Our Latest Analysis on The9
The9 Stock Down 0.2 %
The stock has a fifty day moving average of $8.13 and a 200 day moving average of $7.82.
Institutional Trading of The9
A hedge fund recently raised its stake in The9 stock. Independent Advisor Alliance lifted its holdings in The9 Limited (NASDAQ:NCTY - Free Report) by 17.5% in the third quarter, according to the company in its most recent disclosure with the SEC. 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 0.18% of The9 worth $110,000 at the end of the most recent quarter. 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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