Nova LifeStyle (NASDAQ:NVFY) Stock Passes Above 50-Day Moving Average – Should You Sell?

Nova LifeStyle, Inc. (NASDAQ:NVFY) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $0.58 and traded as high as $0.62. Nova LifeStyle shares last traded at $0.59, with a volume of 8,951 shares traded.

Nova LifeStyle Price Performance

The company has a debt-to-equity ratio of 3.02, a quick ratio of 0.15 and a current ratio of 0.71. The firm has a 50 day moving average price of $0.58 and a two-hundred day moving average price of $0.96.

Institutional Trading of Nova LifeStyle

A hedge fund recently raised its stake in Nova LifeStyle stock. Geode Capital Management LLC increased its position in shares of Nova LifeStyle, Inc. (NASDAQ:NVFY) by 380.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,325 shares of the company’s stock after acquiring an additional 46,178 shares during the period. Geode Capital Management LLC owned about 1.89% of Nova LifeStyle worth $39,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 27.21% of the company’s stock.

About Nova LifeStyle

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