Nova Lifestyle, Inc (NASDAQ:NVFY) posted its quarterly earnings results on Monday. The company reported $0.11 earnings per share for the quarter, Bloomberg Earnings reports. Nova Lifestyle had a negative return on equity of 1.73% and a negative net margin of 1.33%.

Shares of Nova Lifestyle (NVFY) opened at $2.15 on Tuesday. Nova Lifestyle has a one year low of $1.06 and a one year high of $3.20.

Separately, ValuEngine downgraded Nova Lifestyle from a “buy” rating to a “hold” rating in a research note on Friday, September 1st.

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A hedge fund recently raised its stake in Nova Lifestyle stock. Vanguard Group Inc. raised its position in shares of Nova Lifestyle, Inc (NASDAQ:NVFY) by 6.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 576,706 shares of the company’s stock after purchasing an additional 36,891 shares during the quarter. Vanguard Group Inc. owned 2.14% of Nova Lifestyle worth $871,000 at the end of the most recent reporting period. 3.27% of the stock is owned by hedge funds and other institutional investors.

Nova Lifestyle Company Profile

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.

Earnings History for Nova Lifestyle (NASDAQ:NVFY)

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