The9 Limited (NASDAQ:NCTY - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $9.44 and traded as high as $15.66. The9 shares last traded at $14.96, with a volume of 173,551 shares traded.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered shares of The9 from a "hold" rating to a "sell" rating in a research note on Thursday, November 21st.
Read Our Latest Analysis on The9
The9 Trading Up 8.9 %
The stock has a fifty day simple moving average of $13.09 and a two-hundred day simple moving average of $9.48.
Institutional Investors Weigh In On The9
An institutional investor recently raised its position in The9 stock. Independent Advisor Alliance boosted its position 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 SEC. The institutional investor owned 16,232 shares of the technology company's stock after acquiring an additional 2,422 shares during the period. Independent Advisor Alliance owned 0.18% of The9 worth $110,000 as of its most recent SEC filing. 0.54% of the stock is owned by institutional investors and hedge funds.
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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