Nova LifeStyle (NASDAQ:NVFY) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

Nova LifeStyle, Inc. (NASDAQ:NVFY) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-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 trading hands.

Nova LifeStyle Stock Down 8.0 %

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

Nova LifeStyle (NASDAQ:NVFY) last announced its earnings results on Wednesday, August 14th. The company reported ($0.22) EPS for the quarter. The firm had revenue of $2.69 million for the quarter. Nova LifeStyle had a negative net margin of 81.41% and a negative return on equity of 718.36%.

About Nova LifeStyle

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.