The9 Limited (NASDAQ:NCTY - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.03 and traded as high as $15.50. The9 shares last traded at $14.60, with a volume of 98,652 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered The9 from a "hold" rating to a "sell" rating in a research report on Thursday, November 21st.
Read Our Latest Analysis on NCTY
The9 Stock Performance
The firm has a fifty day moving average price of $11.88 and a 200 day moving average price of $9.08.
Hedge Funds Weigh In On The9
A hedge fund recently raised its stake in The9 stock. Independent Advisor Alliance increased its position in shares of The9 Limited (NASDAQ:NCTY - Free Report) by 17.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,232 shares of the technology company's stock after acquiring an additional 2,422 shares during the quarter. Independent Advisor Alliance owned about 0.18% of The9 worth $110,000 at the end of the most recent quarter. 0.54% of the stock is currently owned by hedge funds and other institutional investors.
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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