Nova LifeStyle - NVFY Stock Forecast, Price & News

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. Its products include sofas, chairs, dining and coffee tables, beds, entertainment consoles, cabinets, and cupboards. The company also provides physiotherapeutic jade mats for use in therapy clinic, hospitality, and real estate projects. It distributes its products under the Diamond Sofa brand directly, as well as through internet sales and online marketing campaigns, and participation in exhibitions and trade shows primarily to furniture distributors and retailers. The company was formerly known as Stevens Resources, Inc. Nova LifeStyle, Inc. was founded in 2003 and is headquartered in Commerce, California.

Nova LifeStyle Trading Down 4.4 %

Shares of NVFY Stock traded down $0.03 during trading hours on Tuesday, reaching $0.74. The company's stock had a trading volume of 44,278 shares, compared to its average volume of 55,607. The company has a current ratio of 11.06, a quick ratio of 2.90 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $5.09 million, a P/E ratio of -0.25 and a beta of 1.72. The firm's fifty day simple moving average is $0.78 and its 200 day simple moving average is $1.08. Nova LifeStyle has a one year low of $0.63 and a one year high of $2.71.

Nova LifeStyle (NASDAQ:NVFY - Get Rating) last released its quarterly earnings results on Friday, May 13th. The company reported ($0.13) earnings per share for the quarter. The company had revenue of $3.67 million during the quarter. Nova LifeStyle had a negative net margin of 144.99% and a negative return on equity of 72.17%.