Stock On Watch: Is Nova Lifestyle Inc a Sell? The Stock Declines Again

Stock On Watch: Is Nova Lifestyle Inc a Sell? The Stock Declines Again

The stock of Nova Lifestyle Inc (NASDAQ:NVFY) is a huge mover today! The stock decreased 7.49% or $0.17 on November 23, hitting $2.1. About 160,410 shares traded hands. Nova Lifestyle Inc (NASDAQ:NVFY) has risen 81.03% since April 22, 2016 and is uptrending. It has outperformed by 75.63% the S&P500.
The move comes after 7 months negative chart setup for the $52.44M company. It was reported on Nov, 24 by Barchart.com. We have $1.93 PT which if reached, will make NASDAQ:NVFY worth $4.20M less.

Analysts await Nova Lifestyle Inc (NASDAQ:NVFY) to report earnings on March, 27.

According to Zacks Investment Research, “Nova LifeStyle, Inc. is a designer and modern lifestyle furniture company. The company markets and develops furniture for the living room, dining room, bedroom and home office in styles. It operates primarily in the United States, People’s Republic of China, Europe, Australia and to other markets worldwide. Nova LifeStyle, Inc. is based in Commerce, United States.”

More news for Nova Lifestyle Inc (NASDAQ:NVFY) were recently published by: Quotes.Wsj.com, which released: “News Nova Lifestyle Inc.NVFY” on January 17, 2014. Prnewswire.com‘s article titled: “Nova LifeStyle Featured in Furniture Today as One of the Hits of the Summer …” and published on August 27, 2015 is yet another important article.

NVFY Company Profile

Nova LifeStyle, Inc., incorporated on October 9, 2009, is a maker of contemporary styled residential furniture incorporated into a marketing and sales platform offering retail, as well as online selection. The Firm operates through the design, manufacture and sale of furniture segment. The Firm monitors trending and work to create design elements that are then integrated into its product lines that can be used as standalone, as well as whole room and home furnishing solutions. Through its global network, the Company also sells (through a third-party manufacturing partner) a range of bedding foundation components. The Company’s LifeStyle brand family includes Diamond Sofa (www.diamondsofa.com), Colorful World, Giorgio Mobili and Bright Swallow International Group Limited (Bright Swallow). The Company’s clients principally consist of distributors and retailers having a specific geographic coverage that deploy middle to high-end private label home furnishings.

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