Nova Lifestyle (NASDAQ:NVFY) Share Price Passes Above 50 Day Moving Average – Time to Sell?

Nova Lifestyle, Inc (NASDAQ:NVFY) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $5.23 and traded as high as $5.68. Nova Lifestyle shares last traded at $5.40, with a volume of 693,194 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NVFY. Wall Street Zen raised shares of Nova Lifestyle to a “hold” rating in a research note on Friday, August 22nd. Weiss Ratings restated a “sell (e+)” rating on shares of Nova Lifestyle in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Nova Lifestyle Stock Performance

The stock has a market capitalization of $222.92 million, a PE 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’s 50 day moving average is $5.23 and its two-hundred day moving average is $2.92.

Nova Lifestyle (NASDAQ:NVFY) last issued its quarterly earnings results on Thursday, August 14th. The company reported ($0.02) EPS for the quarter. The business had revenue of $2.56 million during the quarter. Nova Lifestyle had a negative net margin of 42.53% and a negative return on equity of 107.37%.

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.