|Bid||2.0200 x 900|
|Ask||2.0500 x 900|
|Day's Range||2.0300 - 2.1000|
|52 Week Range||1.5600 - 5.1500|
|Beta (5Y Monthly)||2.31|
|PE Ratio (TTM)||5.34|
|Earnings Date||Mar 29, 2020 - Apr 02, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Nova LifeStyle, Inc. (NASDAQ: NVFY) (“Nova LifeStyle” or the “Company”) today announced that on January 9, 2020 it received written notice from Nasdaq that the Company has regained compliance with the minimum bid price continued listing requirement. The Company regained compliance with this requirement as a result of its common shares' closing bid price having been at or above the minimum requirement of $1.00 per share for a minimum of ten consecutive trading days. Following the Company’s regaining compliance with the continued listing requirement, the matter is now closed.
Unfortunately for some shareholders, the Nova LifeStyle (NASDAQ:NVFY) share price has dived 84% in the last thirty...
Nova LifeStyle, Inc. (NASDAQ: NVFY) (“Nova LifeStyle” or the “Company”) today announced that the Company has increased the number of products to be offered in 2020 by 25%, and up to 40% in certain furnishing categories. As a result of the Company’s ongoing efforts to source products manufactured to the Company’s specifications in locations other than China, all of these new products are being manufactured in India and Malaysia. The Company continues to expand its product offerings, and to source additional manufacturing arrangements outside China to minimize the impact of the US-imposed tariffs on products manufactured in China and to diversify the Company’s sourcing base.
LOS ANGELES, Nov. 13, 2019 -- Nova Lifestyle, Inc. (NASDAQ: NVFY) (“Nova LifeStyle” or the “Company”) today announced its financial results for the quarter and nine months.
Today we are going to look at Nova LifeStyle, Inc. (NASDAQ:NVFY) to see whether it might be an attractive investment...
Nova Lifestyle, Inc. (NASDAQ: NVFY)(“Nova LifeStyle” or the “Company”) today announces its financial results for the quarter ended June 30, 2019. Of course it takes substantial lead time to implement a relocation of manufacturing (which by necessity includes an assessment of the factory’s ability to deliver the quantity of the product, in accordance with the Company’s specifications, and in accordance with the Company’s quality control requirements), but we expect that a portion of our manufacturing will be transitioned to one or more of these venues during 2019. Some of our manufacturing will continue to be performed in China because the intellectual know-how necessary to manufacture certain products is not generally available in other Asian countries.
Tawny Lam has been the CEO of Nova LifeStyle, Inc. (NASDAQ:NVFY) since 2016. This report will, first, examine the CEO...
LOS ANGELES, July 17, 2019 -- Nova LifeStyle, Inc. (NASDAQ: NVFY)(“Nova LifeStyle” or the “Company”) announced today the launch of its Summer 2019 Collection in the Las Vegas.
Nova LifeStyle, Inc. (NASDAQ: NVFY)(“Nova LifeStyle” or the “Company”) announced today that, on June 4, 2019, its Board of Directors has approved and authorized an 10b-18 share repurchase program for the Company to repurchase up to $2 million shares of its common stock (the “Shares”) in transactions conducted through a broker or dealer in compliance with Rule 10b-18 promulgated under the Exchange Act. Nova LifeStyle intends to fund the repurchases from its more than $40 million existing cash balance. “The Board of Directors and management team believe that our current stock price is substantially undervalued and it is an attractive investment opportunity for us to repurchase our shares as an important part of our capital allocation strategy.” said Tawny Lam, Chairperson and Chief Executive Officer of Nova LifeStyle.
Bragar Eagel & Squire, P.C. is investigating potential claims against certain officers and directors of Nova LifeStyle, Inc. (NVFY). If you are a long term stockholder of Nova, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at firstname.lastname@example.org, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
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Nova LifeStyle, Inc. (NASDAQ: NVFY) today announced the results of special procedures performed by the Company’s Auditors at the direction of the Audit Committee. The special procedures revealed no evidence of fictitious sales or of fictitious customers, and definitively disprove the malicious assertions set forth in Andri Capital’s self-styled research report regarding the Company (the “Andri Report”) published by Seeking Alpha on December 21, 2018. The Audit Committee acted promptly to address the concerns raised in the Andri Report, to ensure the integrity of the 2018 audit, and to rebuild the market confidence that was damaged by the issuance of the Andri Report. The Audit Committee engaged the Company’s auditors to perform special procedures to confirm the reported sales. The special procedures included the examination and testing of all customer purchase orders, packing lists, bills of lading, sales invoices, vouchers, and related documents, for the four customers targeted in the Andri Report for years 2015, 2016, 2017 and 2018. Those procedures included, among others, 100% sampling of all transactions between the Company and the subject customers, the receipt of written confirmations from each of the subject customers of all sales transactions to that customer, in-person interviews of senior officials of three of the four subject customers1, and independent searches verifying the existence of the subject customers. The special procedures have been performed, and the results have been communicated to the Audit Committee. The Auditor performed the special procedures with respect to a total of 2,222 sales transactions between the Company and the subject customers. The Company’s independent auditor has reported to the Audit Committee that with respect to the four subject customers the special procedures resulted in no evidence of fictitious sales or of fictitious customers.
Nova LifeStyle, Inc. (NASDAQ:NVFY) shareholders should be happy to see the share price up 21% in the last month. But will that repair the damage for the weary investors whoRead More...
The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Nova Lifestyle, Inc. (“Nova Lifestyle” or “the Company”) (NASDAQ: NVFY) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. You can also reach us through the firm's website at www.schallfirm.com, or by email at email@example.com.
Pawar Law Group reminds shareholders who purchased shares of Nova Lifestyle, Inc. (NVFY) from December 3, 2015 through December 20, 2018, inclusive (the “Class Period”) of the important February 26, 2019 lead plaintiff deadline in the class action. The lawsuit seeks to recover damages for Nova Lifestyle investors under the federal securities laws.
Law Offices of Howard G. Smith reminds investors of the February 26, 2019 deadline to file a lead plaintiff motion in the class action filed on behalf of investors that purchased Nova Lifestyle, Inc. (“Nova Lifestyle” or the “Company”) (NASDAQ: NVFY) securities between December 3, 2015 and December 20, 2018, inclusive (the “Class Period”). Nova Lifestyle investors have until February 26, 2019 to file a lead plaintiff motion. Investors suffering losses on their Nova Lifestyle investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to firstname.lastname@example.org.
Glancy Prongay & Murray LLP (“GPM”) reminds investors of the February 26, 2019 deadline to file a lead plaintiff motion in the class action filed on behalf of investors that purchased Nova Lifestyle, Inc. (“Nova Lifestyle” or the “Company”) (NASDAQ: NVFY) securities between December 3, 2015 and December 20, 2018, inclusive (the “Class Period”). Nova Lifestyle investors have until February 26, 2019 to file a lead plaintiff motion. On December 21, 2018, a report by Andri Capital indicated improper sales at Nova, alleging the company had “booked sales of over $50 million in recent years to two companies that either have been dissolved or do not exist” and that “other supposedly large customers of [Nova LifeStyle] do not seem to recognize doing business with Nova LifeStyle (possibly for over $60 million since 2011).” Following this news, Nova’s stock price fell sharply on December 21, 2018.
Zhang Investor Law announces the filing of a class action lawsuit on behalf of shareholders who bought shares of Nova Lifestyle, Inc. (NVFY) from December 3, 2015 through December 20, 2018, inclusive (the “Class Period”). If you wish to serve as lead plaintiff, you must move the Court no later than February 26, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
NEW YORK, Feb. 17, 2019 -- Bragar Eagel & Squire, P.C. reminds investors that class action lawsuits have been commenced on behalf of stockholders of The Goldman Sachs.
NEW YORK, NY / ACCESSWIRE / February 14, 2019 / Pawar Law Group announces that a class action lawsuit has been filed on behalf of shareholders who purchased shares of Nova Lifestyle, Inc. (NASDAQ: NVFY) ...