News stories about Noah Holdings (NYSE:NOAH) have been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Noah Holdings earned a daily sentiment score of 0.22 on Accern’s scale. Accern also gave news stories about the asset manager an impact score of 45.8424253487617 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Noah Holdings (NOAH) traded down 2.59% during mid-day trading on Tuesday, hitting $39.11. 125,130 shares of the stock were exchanged. Noah Holdings has a one year low of $21.33 and a one year high of $40.98. The company has a market cap of $2.21 billion, a P/E ratio of 21.74 and a beta of 2.44. The company has a 50-day moving average price of $31.61 and a 200-day moving average price of $29.09.
Noah Holdings declared that its Board of Directors has initiated a share buyback plan on Thursday, June 29th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the asset manager to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.
A number of research firms have weighed in on NOAH. BidaskClub raised shares of Noah Holdings from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 3rd. Zacks Investment Research cut shares of Noah Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th.
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Noah Holdings Company Profile
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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