Nova Lifestyle, Inc (NASDAQ:NVFY - Get Free Report)'s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $3.32 and traded as high as $5.51. Nova Lifestyle shares last traded at $5.37, with a volume of 585,621 shares trading hands.
Analysts Set New Price Targets
Several equities analysts have recently commented on the company. Wall Street Zen upgraded Nova Lifestyle to a "hold" rating in a research note on Friday, August 22nd. Weiss Ratings restated a "sell (e+)" rating on shares of Nova Lifestyle in a research note on Saturday, September 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Nova Lifestyle has a consensus rating of "Sell".
Check Out Our Latest Report on Nova Lifestyle
Nova Lifestyle Price Performance
The firm has a 50 day simple moving average of $3.32 and a 200-day simple moving average of $1.98. 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 company has a market cap of $73.95 million, a PE ratio of -1.19 and a beta of 1.16.
Nova Lifestyle (NASDAQ:NVFY - Get Free Report) last posted its earnings results on Thursday, August 14th. The company reported ($0.02) earnings per share (EPS) for the quarter. Nova Lifestyle had a negative net margin of 42.53% and a negative return on equity of 107.37%. The company had revenue of $2.56 million during the quarter.
About Nova Lifestyle
(
Get Free Report)
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.
Further Reading
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