Stock On Watch: What’s Propelling Nova Lifestyle Inc to Decline So Much?

Stock On Watch: What's Propelling Nova Lifestyle Inc to Decline So Much?

The stock of Nova Lifestyle Inc (NASDAQ:NVFY) is a huge mover today! About 189,305 shares traded hands. Nova Lifestyle Inc (NASDAQ:NVFY) has risen 131.50% since April 14, 2016 and is uptrending. It has outperformed by 126.81% the S&P500.
The move comes after 7 months negative chart setup for the $73.10 million company. It was reported on Nov, 16 by Barchart.com. We have $2.58 PT which if reached, will make NASDAQ:NVFY worth $8.77M 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 important recent Nova Lifestyle Inc (NASDAQ:NVFY) news were published by: Quotes.Wsj.com which released: “News Nova Lifestyle Inc.NVFY” on January 17, 2014, also Prnewswire.com published article titled: “Nova LifeStyle, Inc. Engages China Everbright Securities to Explore Strategic …”, Prnewswire.com published: “Nova LifeStyle Featured in Furniture Today as One of the Hits of the Summer …” on August 27, 2015. More interesting news about Nova Lifestyle Inc (NASDAQ:NVFY) was released by: Benzinga.com and their article: “Here’s Why Nova Lifestyle Shares Have Been Spiking Since Friday” with publication date: October 03, 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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