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

by · The Cerbat Gem

Shares of Nova Lifestyle, Inc (NASDAQ:NVFY – Get Free Report) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $5.44 and traded as high as $5.68. Nova Lifestyle shares last traded at $5.40, with a volume of 693,194 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Wall Street Zen raised shares of Nova Lifestyle to a “hold” rating in a research report on Friday, August 22nd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Nova Lifestyle in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Get Our Latest Analysis on NVFY

Nova Lifestyle Stock Performance

The company has a debt-to-equity ratio of 0.04, a current ratio of 2.28 and a quick ratio of 1.93. The business has a fifty day moving average price of $5.44 and a 200 day moving average price of $3.29. The company has a market capitalization of $222.92 million, a price-to-earnings ratio of -7.01 and a beta of 1.21.

Institutional Investors Weigh In On Nova Lifestyle

Several hedge funds have recently added to or reduced their stakes in the business. Squarepoint Ops LLC acquired a new position in shares of Nova Lifestyle in the third quarter valued at $56,000. Virtu Financial LLC acquired a new stake in shares of Nova Lifestyle during the 3rd quarter worth about $81,000. Finally, Centiva Capital LP bought a new stake in shares of Nova Lifestyle during the 3rd quarter worth about $165,000. Institutional investors and hedge funds own 27.21% of the company’s stock.

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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