Nova Lifestyle (NASDAQ:NVFY) Shares Pass Below 50 Day Moving Average – Time to Sell?

Nova Lifestyle, Inc (NASDAQ:NVFY)’s stock price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $5.46 and traded as low as $5.25. Nova Lifestyle shares last traded at $5.40, with a volume of 693,194 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Nova Lifestyle in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Nova Lifestyle presently has a consensus rating of “Sell”.

Nova Lifestyle Price Performance

The firm has a market capitalization of $222.92 million, a P/E ratio of -7.01 and a beta of 1.21. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.93 and a current ratio of 2.28. The firm has a 50-day moving average of $5.46 and a 200-day moving average of $3.94.

Institutional Investors Weigh In On Nova Lifestyle

Several large investors have recently bought and sold shares of NVFY. Centiva Capital LP bought a new position in Nova Lifestyle during the 3rd quarter valued at about $165,000. Virtu Financial LLC bought a new stake in shares of Nova Lifestyle in the third quarter worth approximately $81,000. Finally, Squarepoint Ops LLC purchased a new position in shares of Nova Lifestyle during the third quarter valued at approximately $56,000. 27.21% of the stock is currently owned by institutional investors.

About Nova Lifestyle

Nova Lifestyle, Inc operates as a designer, developer and purveyor of niche home goods under its proprietary Nova, Bear and Joydeer brands. The company focuses on small household appliances and kitchenware products, ranging from bean-to-cup coffee roasters and espresso machines to electric kettles, toasters, blenders, juicers, cookware sets and compact vacuum cleaners. With an emphasis on modern aesthetics, functionality and user-friendly design, Nova Lifestyle integrates its product development, sourcing and quality control processes to deliver durable, performance-oriented solutions for everyday home use.

Since initiating operations in 2016, Nova Lifestyle has built a primarily e-commerce–driven distribution model, selling through leading online marketplaces such as Amazon, Walmart Marketplace and eBay, as well as via its direct-to-consumer website.