The9 (NASDAQ:NCTY) Stock Crosses Above 200 Day Moving Average – Should You Sell?

The9 Limited (NASDAQ:NCTY) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.44 and traded as high as $15.66. The9 shares last traded at $14.96, with a volume of 173,551 shares trading hands.

Analyst Ratings Changes

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

The9 Trading Up 2.9 %

The stock has a fifty day moving average of $12.93 and a 200-day moving average of $9.44.

Hedge Funds Weigh In On The9

A hedge fund recently raised its stake in The9 stock. Independent Advisor Alliance increased its holdings in shares of The9 Limited (NASDAQ:NCTY) by 17.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,232 shares of the technology company’s stock after purchasing an additional 2,422 shares during the quarter. Independent Advisor Alliance owned approximately 0.18% of The9 worth $110,000 as of its most recent SEC filing. Institutional investors 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.