Nova Lifestyle, Inc (NVFY) Issues Quarterly Earnings Results
Nova Lifestyle, Inc (NASDAQ:NVFY) issued its quarterly earnings results on Monday. The company reported $0.02 EPS for the quarter, Bloomberg Earnings reports. Nova Lifestyle had a negative net margin of 2.74% and a negative return on equity of 3.34%. The firm had revenue of $19.53 million for the quarter.
Nova Lifestyle (NVFY) traded up 2.6972% on Tuesday, hitting $1.4583. 5,947 shares of the stock traded hands. Nova Lifestyle has a 52 week low of $0.57 and a 52 week high of $5.15. The stock has a 50 day moving average of $1.44 and a 200 day moving average of $1.58. The firm’s market capitalization is $39.33 million.
Several research analysts have recently weighed in on NVFY shares. ValuEngine upgraded shares of Nova Lifestyle from a “hold” rating to a “buy” rating in a research note on Thursday, May 18th. TheStreet lowered shares of Nova Lifestyle from a “c-” rating to a “d+” rating in a research note on Thursday, May 18th.
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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