Nova LifeStyle (NASDAQ:NVFY) Share Price Crosses Below Fifty Day Moving Average of $1.62

Nova LifeStyle, Inc. (NASDAQ:NVFY) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $1.62 and traded as low as $1.40. Nova LifeStyle shares last traded at $1.46, with a volume of 5,912 shares.

Nova LifeStyle Trading Down 0.7 %

The company has a current ratio of 0.90, a quick ratio of 0.32 and a debt-to-equity ratio of 0.30. The business has a 50 day moving average of $1.62 and a 200-day moving average of $1.97. The firm has a market capitalization of $3.54 million, a P/E ratio of -0.31 and a beta of 1.24.

Nova LifeStyle (NASDAQ:NVFY) last released its quarterly earnings results on Wednesday, May 15th. The company reported ($0.65) earnings per share for the quarter. Nova LifeStyle had a negative return on equity of 344.65% and a negative net margin of 68.74%. The firm had revenue of $2.38 million for the quarter.

Nova LifeStyle Company Profile

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.