Nova LifeStyle (NASDAQ:NVFY) Stock Price Crosses Below Fifty Day Moving Average – Should You Sell?

Nova LifeStyle, Inc. (NASDAQ:NVFYGet Free Report)’s stock price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $0.65 and traded as low as $0.63. Nova LifeStyle shares last traded at $0.67, with a volume of 24,036 shares.

Nova LifeStyle Stock Performance

The company’s 50-day simple moving average is $0.64 and its 200-day simple moving average is $1.18. The stock has a market cap of $2.07 million, a price-to-earnings ratio of -0.15 and a beta of 1.04. The company has a quick ratio of 0.15, a current ratio of 0.71 and a debt-to-equity ratio of 3.02.

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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