Nova Lifestyle (NASDAQ:NVFY) Stock Passes Above 50-Day Moving Average – Should You Sell?

Nova Lifestyle, Inc (NASDAQ:NVFY) shares crossed 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.

Wall Street Analyst Weigh In

NVFY has been the subject of a number of research reports. Wall Street Zen raised shares of Nova Lifestyle to a “hold” rating in a report on Friday, August 22nd. Weiss Ratings restated a “sell (e+)” rating on shares of Nova Lifestyle in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Nova Lifestyle Price Performance

The stock has a market cap of $222.92 million, a PE ratio of -7.01 and a beta of 1.21. The stock’s fifty day moving average is $5.23 and its 200-day moving average is $2.92. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.28 and a quick ratio of 1.93.

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

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.