Nova LifeStyle (NASDAQ:NVFY) Stock Passes Below 200-Day Moving Average – Time to Sell?

Nova LifeStyle, Inc. (NASDAQ:NVFY)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.86 and traded as low as $0.41. Nova LifeStyle shares last traded at $0.41, with a volume of 52,859 shares.

Nova LifeStyle Stock Performance

The company has a 50-day moving average of $0.59 and a 200 day moving average of $0.86. 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 firm has a market capitalization of $1.27 million, a PE ratio of -0.09 and a beta of 0.96.

Hedge Funds Weigh In On Nova LifeStyle

An institutional investor recently raised its position in Nova LifeStyle stock. Geode Capital Management LLC grew its position in shares of Nova LifeStyle, Inc. (NASDAQ:NVFY) by 380.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 58,325 shares of the company’s stock after purchasing an additional 46,178 shares during the quarter. Geode Capital Management LLC owned approximately 1.89% of Nova LifeStyle worth $39,000 as of its most recent SEC filing. 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.