Shares of Nova Lifestyle Inc (NASDAQ:NVFY) traded today at $7.49, eclipsing its 52-week high. This new high was reached on above average trading volume as 6.4 million shares traded hands, while the average 30-day volume is approximately 158,000 shares.
In the past 52 weeks, Nova Lifestyle Inc share prices are bracketed by a low of $0.66 and a high of $7.49 and is now at $4.89, 641% above that low price.
Nova Lifestyle Inc (NASDAQ:NVFY) is currently priced 78.1% above its average consensus analyst price target of $1.07.
Nova Lifestyle Inc is a designer and lifestyle furniture company. It distributes and retails contemporary styled residential furniture. The firms marketing and sales platform offers retail as well as online selection and purchases fulfillment internationally. The company also sells managed a variety of bedding foundation components. Its collection of lifestyle furniture brands includes Diamond Sofa, Bright Swallow, and others. The firm’s products are made in the United States and Asia. Its customers mainly comprise distributors and retailers having specific geographic coverages that deploy middle to high-end private label home furnishings.
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