Nova LifeStyle (NVFY) Stock Surges 36%: How Risky Is It?

Nova LifeStyle stock rises 36.89% today on the market. The stock was trading at $4.02 on July 14, and it started to drop on slow speed, until when the price has crashed to $3.26 on Tuesday, July 19. As of the last trading session the stock has surged by 36.89%, leaving with the price of $4.49. The company’s market capitalization is just only $24.9 million.

Nova LifeStyle, Inc. is a furniture designer and manufacturer. It offers a variety of furniture pieces for the living room, dining room, and home offices. Jade Mountain also offers a variety of furniture and home accessories. Nova LifeStyle, Inc. is a distributor of furniture and home accessories under the Diamond Sofa brand name.

Nova LifeStyle is focused on delivering modern, contemporary furniture to homes and businesses. The company’s various brands include Diamond Sofa, Nova Home, and Nova Retail. The company’s product lines are characterized by their contemporary and urban styles. Its furniture is available in various sizes and types. MDF and particleboard are used for furniture, flooring, and various other applications.

Trevor Omaha

Since 2009 Trevor has been eager to know the causes of financial crises. Right now he is actively searching for the next crisis which will decide the fate of the middle class in the Americas and Europe. We wish him good luck in his research.

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