Shares of The9 Limited (NASDAQ:NCTY - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.79 and traded as high as $9.85. The9 shares last traded at $9.77, with a volume of 136,273 shares traded.
Analyst Ratings Changes
Separately, Weiss Ratings restated a "sell (d-)" rating on shares of The9 in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of "Sell".
Read Our Latest Research Report on NCTY
The9 Stock Up 3.6%
The business's fifty day moving average is $9.62 and its 200 day moving average is $9.79.
Institutional Trading of The9
A hedge fund recently raised its stake in The9 stock. Headlands Technologies LLC increased its holdings in The9 Limited (NASDAQ:NCTY - Free Report) by 19.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,524 shares of the technology company's stock after purchasing an additional 894 shares during the quarter. Headlands Technologies LLC owned 0.06% of The9 worth $83,000 at the end of the most recent quarter. 0.54% of the stock is currently owned by institutional investors and hedge funds.
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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider The9, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The9 wasn't on the list.
While The9 currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.