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

The9 Limited (NASDAQ:NCTY)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $9.74 and traded as high as $15.50. The9 shares last traded at $14.80, with a volume of 64,539 shares trading hands.

Analysts Set New Price Targets

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

The9 Price Performance

The business’s 50-day simple moving average is $13.78 and its 200-day simple moving average is $9.76.

Institutional Inflows and Outflows

An institutional investor recently raised its position in The9 stock. Independent Advisor Alliance grew its holdings in shares of The9 Limited (NASDAQ:NCTY) by 17.5% during the 3rd quarter, according to its most recent Form 13F 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 as of its most recent SEC filing. 0.54% of the stock is owned by hedge funds and other institutional investors.

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.