Nova LifeStyle (NASDAQ:NVFY) Stock Price Crosses Above 50-Day Moving Average – Should You Sell?

Nova LifeStyle, Inc. (NASDAQ:NVFY) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $0.58 and traded as high as $0.66. Nova LifeStyle shares last traded at $0.62, with a volume of 50,965 shares.

Nova LifeStyle Price Performance

The firm has a market cap of $1.92 million, a P/E ratio of -0.14 and a beta of 0.96. The company has a quick ratio of 0.15, a current ratio of 0.71 and a debt-to-equity ratio of 3.02. The business’s 50 day moving average is $0.58 and its two-hundred day moving average is $0.82.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Nova LifeStyle stock. Geode Capital Management LLC boosted its holdings in Nova LifeStyle, Inc. (NASDAQ:NVFY) by 380.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 58,325 shares of the company’s stock after purchasing an additional 46,178 shares during the quarter. Geode Capital Management LLC owned about 1.89% of Nova LifeStyle worth $39,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 27.21% of the company’s stock.

Nova LifeStyle Company Profile

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.