Nova Lifestyle, Inc (NASDAQ:NVFY) Announces Earnings Results
Nova Lifestyle, Inc (NASDAQ:NVFY) announced its quarterly earnings data on Monday. The company reported $0.02 earnings per share for the quarter, Bloomberg Earnings reports. Nova Lifestyle had a negative return on equity of 1.32% and a negative net margin of 1.40%. The firm had revenue of $19.53 million for the quarter.
Shares of Nova Lifestyle (NASDAQ NVFY) traded down 4.0473% on Wednesday, reaching $1.4201. The company had a trading volume of 10,415 shares. Nova Lifestyle has a 12 month low of $0.60 and a 12 month high of $5.15. The stock has a 50 day moving average price of $1.45 and a 200-day moving average price of $1.57. The company’s market capitalization is $38.30 million.
A number of research analysts recently weighed in on NVFY shares. ValuEngine raised Nova Lifestyle from a “hold” rating to a “buy” rating in a report on Thursday, May 18th. TheStreet lowered Nova Lifestyle from a “c-” rating to a “d+” rating in a report on Thursday, May 18th.
About Nova Lifestyle
Nova LifeStyle, Inc is a manufacturer of contemporary styled residential furniture incorporated into a marketing and sales platform offering retail, as well as online selection. The Company operates through the design, manufacture and sale of furniture segment. The Company monitors trending and work to create design elements that are then integrated into its product lines that can be used as standalone, as well as whole room and home furnishing solutions.
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