Nova LifeStyle, Inc. (NASDAQ:NVFY) shares shot up 27.2% during trading on Friday . The company traded as high as $3.38 and last traded at $3.04. 1,866,457 shares were traded during trading, an increase of 341% from the average session volume of 423,251 shares. The stock had previously closed at $2.39.
Separately, TheStreet downgraded Nova LifeStyle from a “c-” rating to a “d” rating in a research report on Thursday, December 10th.
The company has a market capitalization of $16.89 million, a PE ratio of 5.00 and a beta of 1.60. The stock has a 50-day moving average of $2.21 and a 200 day moving average of $1.91.
Nova LifeStyle (NASDAQ:NVFY) last announced its quarterly earnings data on Friday, November 20th. The company reported ($1.46) earnings per share for the quarter. Nova LifeStyle had a negative net margin of 174.62% and a negative return on equity of 22.51%. The firm had revenue of $3.32 million for the quarter.
An institutional investor recently raised its position in Nova LifeStyle stock. BlackRock Inc. raised its position in shares of Nova LifeStyle, Inc. (NASDAQ:NVFY) by 209.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,627 shares of the company’s stock after purchasing an additional 22,752 shares during the period. BlackRock Inc. owned 0.61% of Nova LifeStyle worth $56,000 as of its most recent filing with the Securities and Exchange Commission. 2.12% of the stock is currently owned by institutional investors and hedge funds.
Nova LifeStyle Company Profile (NASDAQ:NVFY)
Nova LifeStyle, Inc, together with 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 rooms, dining rooms, bedrooms, and home offices.
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