Nova Lifestyle, Inc (NVFY) Announces Earnings Results

Nova Lifestyle, Inc (NASDAQ:NVFY) posted its quarterly earnings data on Monday. The company reported $0.11 earnings per share (EPS) for the quarter, Bloomberg Earnings reports. Nova Lifestyle had a negative return on equity of 1.73% and a negative net margin of 1.33%.

Shares of Nova Lifestyle (NASDAQ NVFY) traded up $0.38 during mid-day trading on Tuesday, hitting $2.15. The company’s stock had a trading volume of 15,082,400 shares, compared to its average volume of 289,176. Nova Lifestyle has a twelve month low of $1.06 and a twelve month high of $3.20.

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A hedge fund recently raised its stake in Nova Lifestyle stock. Vanguard Group Inc. grew its position in Nova Lifestyle, Inc (NASDAQ:NVFY) by 6.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 576,706 shares of the company’s stock after buying an additional 36,891 shares during the quarter. Vanguard Group Inc. owned 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.

Separately, ValuEngine cut Nova Lifestyle from a “buy” rating to a “hold” rating in a report on Friday, September 1st.

About Nova Lifestyle

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.

Earnings History for Nova Lifestyle (NASDAQ:NVFY)

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