Jupai Holdings Limited (NYSE:JP) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.

Shares of Jupai Holdings Limited (JP) traded up 18.02% during mid-day trading on Monday, reaching $9.30. The company had a trading volume of 283,425 shares. Jupai Holdings Limited has a one year low of $7.36 and a one year high of $9.70. The stock has a 50 day moving average of $7.79 and a 200-day moving average of $8.52. The firm has a market capitalization of $278.07 million, a price-to-earnings ratio of 7.76 and a beta of 0.73.

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A hedge fund recently raised its stake in Jupai Holdings Limited stock. Acadian Asset Management LLC boosted its stake in Jupai Holdings Limited (NYSE:JP) by 367.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 37,496 shares of the asset manager’s stock after buying an additional 29,480 shares during the period. Acadian Asset Management LLC owned about 0.12% of Jupai Holdings Limited worth $292,000 as of its most recent SEC filing. 0.21% of the stock is currently owned by institutional investors.

About Jupai Holdings Limited

Jupai Holdings Limited (Jupai), formerly Jupai Investment Group, is a Cayman Islands-based third-party wealth management service provider. The Company focuses on distributing wealth management products and providing advisory services to individuals in People’s Republic of China (PRC) who have investable assets in excess of three million Renminbi (RMB).

To view ValuEngine’s full report, visit ValuEngine’s official website.

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