Nova Lifestyle (NASDAQ:NVFY) last issued its earnings results on Monday, August 7th. The company reported $0.02 EPS for the quarter. Nova Lifestyle had a negative return on equity of 1.73% and a negative net margin of 1.33%. The firm had revenue of $19.53 million for the quarter.
Shares of Nova Lifestyle, Inc (NASDAQ:NVFY) opened at $1.61 on Monday. Nova Lifestyle, Inc has a one year low of $1.06 and a one year high of $3.39.
Separately, ValuEngine downgraded Nova Lifestyle from a “buy” rating to a “hold” rating in a research note on Friday, September 1st.
A hedge fund recently raised its stake in Nova Lifestyle stock. Vanguard Group Inc. lifted its stake in Nova Lifestyle, Inc (NASDAQ:NVFY) by 6.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 576,706 shares of the company’s stock after buying an additional 36,891 shares during the quarter. Vanguard Group Inc. owned approximately 2.14% of Nova Lifestyle worth $871,000 as of its most recent SEC filing. Institutional investors own 3.27% of the company’s stock.
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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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