Media headlines about Noah Holdings (NYSE:NOAH) have trended somewhat positive on Sunday, Accern reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Noah Holdings earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave press coverage about the asset manager an impact score of 46.7314312027963 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
Shares of Noah Holdings (NYSE:NOAH) traded down 0.34% during midday trading on Friday, hitting $28.90. 342,860 shares of the stock were exchanged. Noah Holdings has a 52-week low of $21.33 and a 52-week high of $33.05. The firm has a market cap of $1.63 billion, a PE ratio of 16.25 and a beta of 2.37. The firm’s 50-day moving average is $30.14 and its 200 day moving average is $28.20.
Noah Holdings declared that its board has approved a stock repurchase program on Thursday, June 29th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the asset manager to repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
NOAH has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of Noah Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. BidaskClub lowered shares of Noah Holdings from a “buy” rating to a “hold” rating in a report on Friday, June 16th. Finally, ValuEngine lowered shares of Noah Holdings from a “buy” rating to a “hold” rating in a report on Friday, June 2nd.
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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.
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