Nova Lifestyle (NVFY) Earning Somewhat Favorable Media Coverage, Accern Reports

Media coverage about Nova Lifestyle (NASDAQ:NVFY) has been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Nova Lifestyle earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 45.5882411142916 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Shares of Nova Lifestyle (NASDAQ:NVFY) traded up $0.08 on Friday, reaching $2.68. The company’s stock had a trading volume of 361,008 shares, compared to its average volume of 1,200,336. Nova Lifestyle has a 52-week low of $1.06 and a 52-week high of $3.10. The company has a debt-to-equity ratio of 0.05, a quick ratio of 66.69 and a current ratio of 74.16.

Nova Lifestyle (NASDAQ:NVFY) last announced its earnings results on Monday, November 13th. The company reported $0.11 EPS for the quarter. The firm had revenue of $33.22 million for the quarter. Nova Lifestyle had a return on equity of 1.31% and a net margin of 1.64%.

Nova Lifestyle declared that its Board of Directors has approved a stock buyback program on Tuesday, December 12th that authorizes the company to buyback $5.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Separately, TheStreet raised Nova Lifestyle from a “d+” rating to a “c-” rating in a report on Tuesday, December 19th.

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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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