Media coverage about Noah Holdings (NYSE:NOAH) has trended somewhat positive on Wednesday, according to Accern. The research firm ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Noah Holdings earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned news articles about the asset manager an impact score of 47.0159658609647 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

These are some of the news articles that may have effected Accern’s scoring:

Noah Holdings (NOAH) traded up 0.07% on Wednesday, hitting $29.65. 104,721 shares of the stock were exchanged. Noah Holdings has a 12 month low of $21.33 and a 12 month high of $33.05. The company has a 50-day moving average of $31.34 and a 200-day moving average of $27.81. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 16.85 and a beta of 2.33.

Noah Holdings declared that its board has authorized a stock repurchase plan 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 plans are often an indication that the company’s board of directors believes its shares are undervalued.

A number of research analysts have recently weighed in on NOAH shares. Zacks Investment Research downgraded shares of Noah Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. BidaskClub downgraded shares of Noah Holdings from a “buy” rating to a “hold” rating in a research report on Friday, June 16th. Finally, ValuEngine downgraded shares of Noah Holdings from a “buy” rating to a “hold” rating in a research 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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