Somewhat Positive News Coverage Somewhat Unlikely to Affect Noah Holdings (NOAH) Stock Price
News coverage about Noah Holdings (NYSE:NOAH) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Noah Holdings earned a media sentiment score of 0.25 on Accern’s scale. Accern also assigned news headlines about the asset manager an impact score of 45.993704142463 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Several brokerages have commented on NOAH. BidaskClub upgraded shares of Noah Holdings from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 3rd. Zacks Investment Research upgraded shares of Noah Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, August 31st.
Shares of Noah Holdings (NYSE:NOAH) traded up 0.98% during mid-day trading on Wednesday, reaching $40.11. 122,508 shares of the company’s stock traded hands. Noah Holdings has a 12-month low of $21.33 and a 12-month high of $40.48. The company’s 50 day moving average is $30.75 and its 200 day moving average is $28.79. The company has a market cap of $1.59 billion, a P/E ratio of 25.23 and a beta of 2.44.
Noah Holdings declared that its Board of Directors has approved a share repurchase program on Thursday, June 29th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the asset manager to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.
TRADEMARK VIOLATION NOTICE: This news story was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this news story on another site, it was copied illegally and reposted in violation of United States & international copyright & trademark legislation. The original version of this news story can be viewed at https://www.thecerbatgem.com/2017/10/11/somewhat-positive-news-coverage-somewhat-unlikely-to-affect-noah-holdings-noah-stock-price.html.
About Noah Holdings
Noah Holdings Limited is a wealth management service provider with a focus on global wealth investment and asset allocation services for high net worth individuals and enterprises in China. The Company operates through three segments: wealth management, asset management and Internet finance. It also provides Internet finance services to clients in China.
Receive News & Stock Ratings for Noah Holdings Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Noah Holdings Ltd. and related stocks with our FREE daily email newsletter.