The9 Limited (NASDAQ:NCTY - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.63 and traded as high as $11.70. The9 shares last traded at $11.05, with a volume of 67,960 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut shares of The9 from a "hold" rating to a "sell" rating in a research note on Thursday, November 21st.
Check Out Our Latest Stock Report on The9
The9 Stock Performance
The company's 50-day simple moving average is $14.85 and its 200 day simple moving average is $11.67.
Hedge Funds Weigh In On The9
Several institutional investors have recently bought and sold shares of the business. Marshall Wace LLP bought a new position in The9 during the fourth quarter valued at $823,000. Independent Advisor Alliance lifted its position in The9 by 17.5% during the third quarter. Independent Advisor Alliance now owns 16,232 shares of the technology company's stock valued at $110,000 after purchasing an additional 2,422 shares during the last quarter. Jump Financial LLC bought a new position in The9 during the fourth quarter valued at $230,000. Finally, Headlands Technologies LLC bought a new position in The9 during the fourth quarter valued at $67,000. 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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