The9 Limited (NASDAQ:NCTY) shares were up 6.4% on Wednesday . The stock traded as high as $1.19 and last traded at $1.17, approximately 207,633 shares were traded during trading. A decline of 44% from the average daily volume of 371,844 shares. The stock had previously closed at $1.10.
The firm’s 50 day moving average price is $1.07 and its two-hundred day moving average price is $1.43.
An institutional investor recently bought a new position in The9 stock. Morgan Stanley bought a new position in shares of The9 Limited (NASDAQ:NCTY) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 71,597 shares of the technology company’s stock, valued at approximately $89,000. Morgan Stanley owned about 0.24% of The9 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 0.02% of the company’s stock.
The9 Limited, together with its subsidiaries, operates as an online game developer and operator in the People's Republic of China. The company offers online games, including massively multiplayer online games, mobile games, Web games, and TV games. It also provides training services, such as smartphone application programming training services to college students.
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