Nova Lifestyle (NASDAQ:NVFY) Given Sell (E+) Rating at Weiss Ratings

Key Points

• Weiss Ratings has reaffirmed a "sell (e+)" rating for Nova Lifestyle (NASDAQ:NVFY), indicating ongoing concerns about the company's performance.
• A separate report from Wall Street Zen upgraded Nova Lifestyle to a "hold" rating, indicating mixed sentiments among analysts regarding the stock.
• Nova Lifestyle reported a negative net margin of 42.53% and a negative return on equity of 107.37% in its latest earnings results, reflecting significant financial challenges.

Nova Lifestyle (NASDAQ:NVFY - Get Free Report)'s stock had its "sell (e+)" rating reissued by research analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded Nova Lifestyle to a "hold" rating in a report on Friday, August 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Nova Lifestyle currently has a consensus rating of "Sell".

Nova Lifestyle Price Performance

NASDAQ:NVFY opened at $5.53 on Wednesday. Nova Lifestyle has a 52 week low of $0.38 and a 52 week high of $5.93. The company has a quick ratio of 1.93, a current ratio of 2.28 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $76.15 million, a PE ratio of -1.23 and a beta of 1.16. The stock's 50-day moving average price is $3.51 and its 200-day moving average price is $2.08.

Nova Lifestyle (NASDAQ:NVFY - Get Free Report) last posted its earnings results on Thursday, August 14th. The company reported ($0.02) EPS for the quarter. Nova Lifestyle had a negative net margin of 42.53% and a negative return on equity of 107.37%. The business had revenue of $2.56 million for the quarter.

Nova Lifestyle Company Profile

Nova LifeStyle, Inc, through its subsidiaries, designs, manufactures, markets, and sells residential and commercial furniture for middle and upper middle-income consumers worldwide. The company offers upholstered, wood, and metal-based furniture pieces for the living, dining, and bedrooms, as well as home offices.

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