Nova LifeStyle (NASDAQ:NVFY) Shares Cross Below 200 Day Moving Average – Time to Sell?

Nova LifeStyle, Inc. (NASDAQ:NVFYGet Free Report)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.85 and traded as low as $1.28. Nova LifeStyle shares last traded at $1.34, with a volume of 7,687 shares changing hands.

Nova LifeStyle Stock Performance

The company has a market cap of $3.37 million, a P/E ratio of -0.29 and a beta of 1.21. The company has a quick ratio of 0.39, a current ratio of 0.92 and a debt-to-equity ratio of 3.02. The business has a fifty day simple moving average of $1.42 and a two-hundred day simple moving average of $1.84.

Nova LifeStyle (NASDAQ:NVFYGet Free Report) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.22) earnings per share (EPS) for the quarter. Nova LifeStyle had a negative return on equity of 718.36% and a negative net margin of 81.41%. The business had revenue of $2.69 million during the quarter.

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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