Nova LifeStyle (NVFY) Scheduled to Post Earnings on Thursday

Nova LifeStyle (NASDAQ:NVFY) will issue its quarterly earnings data before the market opens on Thursday, April 12th.

NVFY stock opened at $1.68 on Tuesday. The company has a quick ratio of 25.57, a current ratio of 27.95 and a debt-to-equity ratio of 0.06. The firm has a market cap of $46.72, a PE ratio of 6.54 and a beta of 1.56. Nova LifeStyle has a fifty-two week low of $1.06 and a fifty-two week high of $3.10.

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Nova LifeStyle declared that its board has authorized a stock repurchase program on Tuesday, December 12th that permits the company to buyback $5.00 million in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Separately, TheStreet upgraded Nova LifeStyle from a “d+” rating to a “c-” rating in a research note on Tuesday, December 19th.

A hedge fund recently raised its stake in Nova LifeStyle stock. Vanguard Group Inc. lifted its position in shares of Nova LifeStyle Inc (NASDAQ:NVFY) by 6.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 576,706 shares of the company’s stock after acquiring an additional 36,891 shares during the quarter. Vanguard Group Inc. owned approximately 2.14% of Nova LifeStyle worth $871,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 3.67% of the company’s stock.

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About Nova LifeStyle

Nova LifeStyle, Inc and its subsidiaries, designs, manufactures, markets, and sells residential furniture for middle and upper middle-income consumers worldwide. The company develops upholstered, wood, and metal-based residential furniture for the living rooms, dining rooms, bedrooms, and home offices.

Earnings History for Nova LifeStyle (NASDAQ:NVFY)

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