NEW YORK - Nova LIfestyle Inc. (OTCMKTS:STVS), a designer and manufacturer of residential furniture based in Commerce, CA, made the most recent "Sizzling Stock Alert" list published by StockRunway.com.
StockRunway noted that Nova Lifesstyle's stock climbed to $4.30 in mid July, up 11.7% from its previous close. Nova Lifestyle's stock valuation remained steady, closing Aug. 12 at $4.20 per share.
With brands including Diamond Sofa, Colorful World And Giorgio Mobili, Nova LIfestyle sells its furnishings through about 6- franchise stores, plus unaffiliated retail stores and distributors in China, plus through furniiture distirbutors and retailers in the U.S. and international markets. Nova Lifestyle's year-end revenues for grew 53.6% to $66.29 million in 2012.
Last fall, Nova Lifestyle opened up a factory in China to manufacture furniture for IKEA.
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