Nova Lifestyle's (NVFY) "Sell (E+)" Rating Reiterated at Weiss Ratings

Key Points

• Nova Lifestyle's stock has been reiterated with a "sell (E+)" rating by Weiss Ratings, indicating ongoing concerns from analysts about the company's performance.
• Despite the negative outlook from Weiss Ratings, another firm, Wall Street Zen, upgraded Nova Lifestyle to a "hold" rating recently.
• The company's latest quarterly earnings report showed a loss of $0.02 EPS and a negative net margin of 42.53%, reflecting significant financial challenges.

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

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

Nova Lifestyle Price Performance

Shares of NVFY opened at $5.67 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.93 and a current ratio of 2.28. The stock has a 50 day simple moving average of $4.33 and a 200 day simple moving average of $2.49. Nova Lifestyle has a 52-week low of $0.38 and a 52-week high of $6.08. The firm has a market capitalization of $234.06 million, a PE ratio of -7.36 and a beta of 1.16.

Nova Lifestyle (NASDAQ:NVFY - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $2.56 million during 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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