This post was originally published on this site

Shares of Nova LifeStyle, Inc. (NASDAQ:NVFY) gapped down before the market opened on Monday . The stock had previously closed at $3.04, but opened at $2.68. Nova LifeStyle shares last traded at $2.95, with a volume of 1,780 shares traded.

Separately, TheStreet cut shares of Nova LifeStyle from a “c-” rating to a “d” rating in a report on Thursday, December 10th.

The stock has a market capitalization of $14.95 million, a price-to-earnings ratio of 5.00 and a beta of 1.60. The stock’s 50 day simple moving average is $2.21 and its 200-day simple moving average is $1.91.

Nova LifeStyle (NASDAQ:NVFY) last posted its earnings results on Friday, November 20th. The company reported ($1.46) earnings per share (EPS) for the quarter. The business had revenue of $3.32 million during the quarter. Nova LifeStyle had a negative net margin of 174.62% and a negative return on equity of 22.51%.

A hedge fund recently raised its stake in Nova LifeStyle stock. BlackRock Inc. raised its holdings in Nova LifeStyle, Inc. (NASDAQ:NVFY) by 209.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,627 shares of the company’s stock after acquiring an additional 22,752 shares during the quarter. BlackRock Inc. owned about 0.61% of Nova LifeStyle worth $56,000 at the end of the most recent quarter. 2.12% of the stock is owned by institutional investors.

About Nova LifeStyle (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.

Read More: What is the Nikkei 225 index?    

Receive News & Ratings for Nova LifeStyle Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Nova LifeStyle and related companies with MarketBeat.com’s FREE daily email newsletter.