The stock of Nova Lifestyle Inc (NASDAQ:NVFY) is a huge mover today! About 1.95M shares traded hands or 93.07% up from the average. Nova Lifestyle Inc (NASDAQ:NVFY) has risen 206.67% since March 8, 2016 and is uptrending. It has outperformed by 197.35% the S&P500.
The move comes after 6 months positive chart setup for the $108.38 million company. It was reported on Oct, 11 by Barchart.com. We have $8.35 PT which if reached, will make NASDAQ:NVFY worth $93.21M more.
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 recent Nova Lifestyle Inc (NASDAQ:NVFY) news were published by: Nasdaq.com which released: “Nova LifeStyle, Inc. Signs Framework Agreement to Supply Products to a Hong …” on October 11, 2016. Also Globenewswire.com published the news titled: “Nova LifeStyle Signs Share Transfer Agreement to Sell its China-Based …” on September 29, 2016. Benzinga.com‘s news article titled: “Here’s Why Nova Lifestyle Shares Have Been Spiking Since Friday” with publication date: October 03, 2016 was also an interesting one.
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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