Nova LifeStyle (NASDAQ:NVFY) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

Nova LifeStyle, Inc. (NASDAQ:NVFY)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.85 and traded as low as $1.28. Nova LifeStyle shares last traded at $1.34, with a volume of 7,687 shares changing hands.

Nova LifeStyle Price Performance

The stock has a fifty day moving average price of $1.43 and a 200-day moving average price of $1.85. The firm has a market capitalization of $3.25 million, a PE ratio of -0.28 and a beta of 1.21. The company has a debt-to-equity ratio of 3.02, a quick ratio of 0.39 and a current ratio of 0.92.

Nova LifeStyle (NASDAQ:NVFY) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($0.22) earnings per share (EPS) for the quarter. Nova LifeStyle had a negative net margin of 81.41% and a negative return on equity of 718.36%. The company had revenue of $2.69 million during 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.