Favorable News Coverage Somewhat Unlikely to Affect Noah (NOAH) Stock Price

News coverage about Noah (NYSE:NOAH) has been trending positive on Sunday, according to Accern Sentiment Analysis. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Noah earned a coverage optimism score of 0.25 on Accern’s scale. Accern also assigned media stories about the asset manager an impact score of 45.8335190071413 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the media stories that may have impacted Accern Sentiment’s rankings:

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Several research firms have recently commented on NOAH. Zacks Investment Research cut shares of Noah from a “buy” rating to a “hold” rating in a research report on Wednesday, January 24th. ValuEngine raised shares of Noah from a “buy” rating to a “strong-buy” rating in a research report on Monday, April 2nd.

Shares of NYSE:NOAH traded down $0.51 on Friday, hitting $47.78. The company had a trading volume of 79,516 shares, compared to its average volume of 245,606. Noah has a 1 year low of $24.63 and a 1 year high of $55.50. The stock has a market cap of $2,701.82, a price-to-earnings ratio of 23.77 and a beta of 2.57.

Noah (NYSE:NOAH) last posted its earnings results on Tuesday, March 6th. The asset manager reported $0.42 EPS for the quarter. Noah had a net margin of 30.77% and a return on equity of 18.44%. The firm had revenue of $110.99 million during the quarter.

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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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