The9 Limited (NASDAQ:NCTY - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.42 and traded as high as $16.78. The9 shares last traded at $13.01, with a volume of 180,988 shares trading hands.
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered shares of The9 from a "hold" rating to a "sell" rating in a research report on Thursday, November 21st.
Check Out Our Latest Research Report on NCTY
The9 Stock Performance
The company has a 50-day moving average of $15.30 and a 200 day moving average of $11.48.
Institutional Investors Weigh In On The9
Several institutional investors and hedge funds have recently made changes to their positions in the company. Headlands Technologies LLC acquired a new stake in The9 during the 4th quarter valued at $67,000. Jump Financial LLC bought a new stake in shares of The9 during the fourth quarter worth $230,000. Independent Advisor Alliance increased its stake in shares of The9 by 17.5% in the third quarter. Independent Advisor Alliance now owns 16,232 shares of the technology company's stock valued at $110,000 after buying an additional 2,422 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in shares of The9 in the fourth quarter valued at about $823,000. 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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