The9 (NASDAQ:NCTY) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

The9 Limited (NASDAQ:NCTY)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $10.01 and traded as high as $17.21. The9 shares last traded at $16.77, with a volume of 230,392 shares trading hands.

Analyst Ratings Changes

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

The9 Stock Up 2.3 %

The firm has a 50 day moving average price of $14.80 and a 200-day moving average price of $10.12.

Institutional Investors Weigh In On The9

A hedge fund recently raised its stake in The9 stock. Independent Advisor Alliance raised its position in The9 Limited (NASDAQ:NCTY) by 17.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,232 shares of the technology company’s stock after purchasing an additional 2,422 shares during the quarter. Independent Advisor Alliance owned 0.18% of The9 worth $110,000 as of its most recent SEC filing. Institutional investors own 0.54% of the company’s stock.

The9 Company Profile

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.