Nova LifeStyle (NASDAQ:NVFY) Share Price Passes Below 200-Day Moving Average – Here’s Why

Nova LifeStyle, Inc. (NASDAQ:NVFYGet Free Report) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.56 and traded as low as $0.81. Nova LifeStyle shares last traded at $0.83, with a volume of 30,631 shares traded.

Nova LifeStyle Stock Performance

The company has a market cap of $2.16 million, a price-to-earnings ratio of -0.16 and a beta of 1.26. The firm’s 50 day simple moving average is $1.29 and its 200-day simple moving average is $1.55. The company has a debt-to-equity ratio of 3.02, a quick ratio of 0.39 and a current ratio of 0.92.

Nova LifeStyle (NASDAQ:NVFYGet Free Report) last announced 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 net margin of 81.41% and a negative return on equity of 718.36%. The business had revenue of $2.69 million for 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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