The9 Limited (NASDAQ:NCTY – Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 changing hands.
The9 Price Performance
The company’s 50-day moving average price is $13.60 and its 200-day moving average price is $12.44.
Institutional Investors Weigh In On The9
Several large investors have recently bought and sold shares of NCTY. Headlands Technologies LLC purchased a new position in shares of The9 in the fourth quarter valued at approximately $67,000. Jump Financial LLC acquired a new position in The9 in the 4th quarter valued at $230,000. Finally, Marshall Wace LLP purchased a new position in The9 in the 4th quarter valued at $823,000. 0.54% of the stock is currently owned by hedge funds and other institutional investors.
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.
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