The9 (NASDAQ:NCTY) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

The9 Limited (NASDAQ:NCTY)’s stock price 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 changing hands.

Analyst Upgrades and Downgrades

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

The9 Stock Up 8.9 %

The stock has a 50 day moving average price of $13.09 and a two-hundred day moving average price of $9.48.

Hedge Funds Weigh In On The9

A hedge fund recently raised its stake in The9 stock. Independent Advisor Alliance grew its position in The9 Limited (NASDAQ:NCTY) by 17.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 16,232 shares of the technology company’s stock after buying an additional 2,422 shares during the period. Independent Advisor Alliance owned 0.18% of The9 worth $110,000 at the end of the most recent reporting period. 0.54% of the stock is currently owned by 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.