The stock of Nova Lifestyle Inc (NASDAQ:NVFY) is a huge mover today! About 2.74M shares traded hands or 241.74% up from the average. Nova Lifestyle Inc (NASDAQ:NVFY) has risen 273.53% since March 1, 2016 and is uptrending. It has outperformed by 264.29% the S&P500.
The move comes after 5 months negative chart setup for the $152.58 million company. It was reported on Oct, 4 by Barchart.com. We have $3.82 PT which if reached, will make NASDAQ:NVFY worth $18.31 million less.
Analysts await Nova Lifestyle Inc (NASDAQ:NVFY) to report earnings on November, 21.
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 notable recent Nova Lifestyle Inc (NASDAQ:NVFY) news were published by: Benzinga.com which released: “Here’s Why Nova Lifestyle Shares Have Been Spiking Since Friday” on October 03, 2016, also Globenewswire.com with their article: “Nova LifeStyle Signs Share Transfer Agreement to Sell its China-Based …” published on September 29, 2016, Prnewswire.com published: “Nova LifeStyle, Inc. Engages China Everbright Securities to Explore Strategic …” on July 27, 2015. More interesting news about Nova Lifestyle Inc (NASDAQ:NVFY) were released by: Benzinga.com and their article: “18 Stocks Moving In Monday’s Pre-Market Session” published on October 03, 2016 as well as Benzinga.com‘s news article titled: “15 Biggest Mid-Day Gainers For Friday” with publication date: September 30, 2016.
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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