News headlines about Nova Lifestyle (NASDAQ:NVFY) have been trending somewhat positive on Thursday, Accern reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Nova Lifestyle earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 45.5882411142916 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Separately, TheStreet upgraded Nova Lifestyle from a “d+” rating to a “c-” rating in a report on Tuesday, December 19th.
Nova Lifestyle (NASDAQ:NVFY) traded down $0.16 on Thursday, reaching $2.43. The company had a trading volume of 223,200 shares, compared to its average volume of 400,800. Nova Lifestyle has a 12-month low of $1.06 and a 12-month high of $3.10. The company has a current ratio of 74.16, a quick ratio of 66.69 and a debt-to-equity ratio of 0.05. The firm has a market cap of $66.54, a price-to-earnings ratio of 81.00 and a beta of 1.38.
Nova Lifestyle announced that its board has authorized a stock buyback program on Tuesday, December 12th that authorizes the company to repurchase $5.00 million in shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its shares are undervalued.
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About Nova Lifestyle
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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