The9 Limited (NASDAQ:NCTY - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.44 and traded as high as $12.78. The9 shares last traded at $11.98, with a volume of 91,778 shares.
The9 Trading Up 11.3 %
The stock's 50-day moving average price is $13.15 and its 200 day moving average price is $12.59.
Institutional Investors Weigh In On The9
Several institutional investors and hedge funds have recently bought and sold shares of NCTY. Headlands Technologies LLC bought a new position in shares of The9 during the 4th quarter worth about $67,000. Jump Financial LLC acquired a new position in The9 in the fourth quarter worth about $230,000. Finally, Marshall Wace LLP acquired a new stake in The9 during the fourth quarter valued at approximately $823,000. 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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