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News Spotlight: The9 Limited (NASDAQ:NCTY)

  The9 Limited (NASDAQ:NCTY) stock observed trading -87.08% off 52-week high price. On the other end, the stock has been noted 35.14% away from low price over the last 52-weeks. The stock disclosed a move of -0.66% away from 50 day moving average and -21.75% away from 200 day moving average. Moving closer, we can see that shares have been trading -4.02% off 20-day moving average. It has market cap of $45.3M.

On Sept. 26, 2019, The9 Limited (NASDAQ:NCTY) an established Internet company, reported that its subsidiaries have signed a definitive agreement with Kapler Pte. Ltd, an indirect subsidiary of Keppel Corporation, a multi-business company providing solutions for sustainable urbanization with key businesses in property, infrastructure and investments (the Kapler), pursuant to which 100% equity interest in several subsidiaries of the Company in China, including China The9 Interactive (Shanghai) Ltd. The completion of the Transaction is subject to customary closing conditions and payment schedules, and majority of the consideration will be used by the Company to repay certain senior secured convertible notes issued and sold by the Company in December 2015.

About The9 Limited

The9 Limited (The9) is an Internet company based in China listed on NASDAQ in 2004. The9 has aimed to become a diversified high-tech Internet company.

 The China based company The9 Limited moved with change of 2.94% to $1.05 with the total traded volume of 4379717 shares in recent session versus to an average volume of 57K. The stock was observed in the 5 days activity at -4.55%. The one month performance of stock was -5.41%. NCTY’s shares are at -16.00% for the quarter and driving a -42.31% return over the course of the past year and is now at 1.94% since this point in 2018.  Right now the stock beta is 2.03. The average volatility for the week and month was at 10.98% and 7.93% respectively. There are 43.14M shares outstanding and 1.88M shares are floated in market.

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