The9 (NASDAQ:NCTY) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

The9 Limited (NASDAQ:NCTY) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.63 and traded as high as $16.70. The9 shares last traded at $15.88, with a volume of 81,632 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered The9 from a “hold” rating to a “sell” rating in a research note on Thursday, November 21st.

The9 Stock Down 1.6 %

The firm has a 50 day moving average price of $15.78 and a 200 day moving average price of $10.63.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in The9 stock. Independent Advisor Alliance increased its position in The9 Limited (NASDAQ:NCTY) by 17.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 16,232 shares of the technology company’s stock after buying an additional 2,422 shares during the period. Independent Advisor Alliance owned about 0.18% of The9 worth $110,000 at the end of the most recent quarter. Institutional investors and hedge funds own 0.54% of the company’s stock.

About The9

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.