The9 (NASDAQ:NCTY) Share Price Passes 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 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 stock has a 50-day moving average price of $13.60 and a two-hundred day moving average price of $12.48.

Institutional Investors Weigh In On The9

A number of large investors have recently modified their holdings of the business. Marshall Wace LLP purchased a new position in shares of The9 in the 4th quarter valued at approximately $823,000. Jump Financial LLC purchased a new stake in The9 during the 4th quarter worth approximately $230,000. Finally, Headlands Technologies LLC acquired a new position in The9 during the 4th quarter valued at approximately $67,000. Hedge funds and other 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.