Nova LifeStyle (NASDAQ:NVFY) Shares Cross Below 50 Day Moving Average – What’s Next?

Nova LifeStyle, Inc. (NASDAQ:NVFYGet Free Report) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $0.81 and traded as low as $0.45. Nova LifeStyle shares last traded at $0.49, with a volume of 100,914 shares.

Nova LifeStyle Trading Up 3.8 %

The company has a debt-to-equity ratio of 3.02, a quick ratio of 0.15 and a current ratio of 0.71. The firm has a market cap of $1.52 million, a P/E ratio of -0.11 and a beta of 1.11. The firm has a 50 day simple moving average of $0.81 and a 200 day simple moving average of $1.27.

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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