Nova LifeStyle (NASDAQ:NVFY) Stock Crosses Below 50 Day Moving Average – What’s Next?

Shares of Nova LifeStyle, Inc. (NASDAQ:NVFY) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $1.40 and traded as low as $1.31. Nova LifeStyle shares last traded at $1.37, with a volume of 11,993 shares trading hands.

Nova LifeStyle Stock Up 4.3 %

The stock has a market capitalization of $3.32 million, a P/E ratio of -0.29 and a beta of 1.21. The company’s 50-day moving average price is $1.40 and its 200 day moving average price is $1.73. 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 posted its earnings results on Wednesday, August 14th. The company reported ($0.22) earnings per share for the quarter. The company had revenue of $2.69 million for the quarter. Nova LifeStyle had a negative net margin of 81.41% and a negative return on equity of 718.36%.

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.