News coverage about Nova Lifestyle (NASDAQ:NVFY) has been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Nova Lifestyle earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.0400124182313 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Separately, TheStreet upgraded Nova Lifestyle from a “d+” rating to a “c-” rating in a research note on Tuesday, December 19th.
Nova Lifestyle (NASDAQ NVFY) traded up $0.02 during mid-day trading on Thursday, reaching $2.60. The company’s stock had a trading volume of 201,651 shares, compared to its average volume of 275,981. Nova Lifestyle has a fifty-two week low of $1.06 and a fifty-two week high of $3.10. The company has a debt-to-equity ratio of 0.05, a current ratio of 74.16 and a quick ratio of 66.69. The firm has a market cap of $70.92, a P/E ratio of 86.67 and a beta of 1.38.
Nova Lifestyle (NASDAQ:NVFY) last posted its earnings results on Monday, November 13th. The company reported $0.11 EPS for the quarter. Nova Lifestyle had a net margin of 1.64% and a return on equity of 1.31%. The firm had revenue of $33.22 million for the quarter.
Nova Lifestyle declared that its board has approved a stock buyback program on Tuesday, December 12th that permits the company to buyback $5.00 million in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
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Nova Lifestyle Company Profile
Nova LifeStyle, Inc is a manufacturer of contemporary styled residential furniture incorporated into a marketing and sales platform offering retail, as well as online selection. The Company operates through the design, manufacture and sale of furniture segment. The Company 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.
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