Noah (NYSE:NOAH) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Noah Holdings Ltd. (NYSE:NOAH)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.28 and traded as high as $12.00. Noah shares last traded at $11.7940, with a volume of 138,107 shares traded.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NOAH. UBS Group cut their price target on Noah from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Monday, December 22nd. Wall Street Zen downgraded shares of Noah from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Noah in a research report on Monday, December 29th. Finally, Zacks Research raised shares of Noah from a “strong sell” rating to a “hold” rating in a research report on Monday, February 23rd. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Noah currently has a consensus rating of “Hold” and a consensus price target of $10.75.

Noah Trading Down 3.7%

The stock has a market cap of $760.28 million, a PE ratio of 8.79 and a beta of 0.73. The firm has a fifty day simple moving average of $11.59 and a two-hundred day simple moving average of $11.28.

Institutional Trading of Noah

Institutional investors have recently added to or reduced their stakes in the business. Federation des caisses Desjardins du Quebec bought a new stake in shares of Noah in the 4th quarter valued at about $41,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Noah in the 3rd quarter worth approximately $84,000. Quadrant Capital Group LLC bought a new stake in Noah in the third quarter valued at approximately $85,000. New York State Common Retirement Fund purchased a new stake in shares of Noah during the third quarter valued at approximately $105,000. Finally, Virtu Financial LLC bought a new position in shares of Noah in the fourth quarter worth approximately $115,000. 42.67% of the stock is currently owned by hedge funds and other institutional investors.

Noah Company Profile

Noah Holdings Limited is a China-based wealth management and asset management firm specializing in tailored advisory services for high-net-worth individuals, family offices and select institutional clients. The company offers a broad range of investment solutions that draw on its deep market research and partner network to provide access to both onshore and offshore products. Noah’s business model centers on delivering structured investment products, portfolio management services and family wealth planning solutions designed to meet the evolving needs of affluent clients in China and beyond.

Noah’s main service lines include discretionary portfolio management, fund distribution, private equity and venture capital fund platforms, and alternative investment strategies such as real estate and insurance-linked products.