Nova LifeStyle (NASDAQ:NVFY) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Nova LifeStyle, Inc. (NASDAQ:NVFYGet Free Report) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.04 and traded as low as $0.58. Nova LifeStyle shares last traded at $0.62, with a volume of 50,453 shares traded.

Nova LifeStyle Stock Performance

The company’s 50-day moving average is $0.55 and its two-hundred day moving average is $1.04. The company has a market capitalization of $1.91 million, a P/E ratio of -0.14 and a beta of 1.05. The company has a quick ratio of 0.15, a current ratio of 0.71 and a debt-to-equity ratio of 3.02.

Nova LifeStyle Company Profile

(Get Free Report)

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.

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