Somewhat Positive Press Coverage Somewhat Unlikely to Affect Noah (NOAH) Stock Price

News stories about Noah (NYSE:NOAH) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Noah earned a news sentiment score of 0.19 on Accern’s scale. Accern also assigned headlines about the asset manager an impact score of 46.5572746869098 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 analysts have recently issued reports on NOAH shares. Zacks Investment Research upgraded Noah from a “hold” rating to a “strong-buy” rating and set a $52.00 price objective on the stock in a research note on Thursday, November 23rd. BidaskClub cut Noah from a “buy” rating to a “hold” rating in a research note on Thursday, September 14th.

Shares of Noah (NYSE:NOAH) traded down $0.13 during midday trading on Tuesday, hitting $45.20. The stock had a trading volume of 154,386 shares, compared to its average volume of 222,159. Noah has a twelve month low of $21.64 and a twelve month high of $48.30. The firm has a market capitalization of $2,563.28, a PE ratio of 25.11 and a beta of 2.58.

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About Noah

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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