ValuEngine cut shares of Nova Lifestyle, Inc (NASDAQ:NVFY) from a buy rating to a hold rating in a report published on Friday, September 1st.
Separately, TheStreet cut Nova Lifestyle from a c- rating to a d+ rating in a research report on Thursday, May 18th.
Nova Lifestyle (NASDAQ:NVFY) opened at 1.39 on Friday. Nova Lifestyle has a 52-week low of $1.06 and a 52-week high of $5.15. The company’s 50-day moving average is $1.31 and its 200-day moving average is $1.48. The firm’s market capitalization is $37.71 million.
Nova Lifestyle (NASDAQ:NVFY) last announced its earnings results on Monday, August 7th. The company reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $19.53 million during the quarter. Nova Lifestyle had a negative return on equity of 1.73% and a negative net margin of 1.33%.
An institutional investor recently raised its position in Nova Lifestyle stock. Vanguard Group Inc. grew its holdings in Nova Lifestyle, Inc (NASDAQ:NVFY) by 6.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 576,706 shares of the company’s stock after acquiring an additional 36,891 shares during the quarter. Vanguard Group Inc. owned 2.14% of Nova Lifestyle worth $871,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 3.30% of the company’s stock.
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.
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