Nova LifeStyle (NASDAQ:NVFY) Stock Passes Above 50-Day Moving Average – Should You Sell?

Nova LifeStyle, Inc. (NASDAQ:NVFY) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $0.97 and traded as high as $1.25. Nova LifeStyle shares last traded at $1.22, with a volume of 13,253 shares changing hands.

Nova LifeStyle Trading Up 9.9%

The company has a quick ratio of 0.15, a current ratio of 0.71 and a debt-to-equity ratio of 3.02. The company has a market cap of $16.72 million, a PE ratio of -0.27 and a beta of 0.60. The business has a 50-day simple moving average of $0.97 and a 200-day simple moving average of $0.71.

Nova LifeStyle (NASDAQ:NVFY) last posted its quarterly earnings data on Thursday, May 15th. The company reported ($0.03) earnings per share (EPS) for the quarter. Nova LifeStyle had a negative net margin of 92.08% and a negative return on equity of 718.36%. The firm had revenue of $2.64 million during the quarter.

Institutional Trading of Nova LifeStyle

A hedge fund recently raised its stake in Nova LifeStyle stock. Geode Capital Management LLC boosted its stake in shares of Nova LifeStyle, Inc. (NASDAQ:NVFY) by 380.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,325 shares of the company’s stock after purchasing an additional 46,178 shares during the quarter. Geode Capital Management LLC owned approximately 1.89% of Nova LifeStyle worth $39,000 as of its most recent SEC filing. 27.21% of the stock is currently owned by hedge funds and other institutional investors.

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.