Nova Lifestyle, Inc (NVFY) Set to Announce Earnings on Monday
Nova Lifestyle, Inc (NASDAQ:NVFY) opened at $1.77 on Friday. Nova Lifestyle, Inc has a 52 week low of $1.06 and a 52 week high of $3.31. The firm has a market capitalization of $45.93, a price-to-earnings ratio of 42.00 and a beta of 1.67.
Separately, ValuEngine cut Nova Lifestyle from a “buy” rating to a “hold” rating in a research note on Friday, September 1st.
An institutional investor recently raised its position in Nova Lifestyle stock. Vanguard Group Inc. grew its holdings in shares of Nova Lifestyle, Inc (NASDAQ:NVFY) by 6.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 576,706 shares of the company’s stock after purchasing an additional 36,891 shares during the quarter. Vanguard Group Inc. owned approximately 2.14% of Nova Lifestyle worth $871,000 at the end of the most recent reporting period. Institutional investors own 3.27% of the company’s stock.
Nova Lifestyle Company Profile
Nova LifeStyle, Inc is a manufacturer of contemporary styled residential furniture incorporated into a marketing and sales platform offering retail, as well as online selection. The Company operates through the design, manufacture and sale of furniture segment. The Company 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.
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