Consumer Goods Losers: Nova Lifestyle Inc. (NASDAQ:NVFY), SGOCO Group (NASDAQ:SGOC), Fuwei Films (NASDAQ:FFHL), ROI Acquisition Corp (NASDAQ:EVRY)
Nova LifeStyle, Inc. (NASDAQ:NVFY), a U.S.-based fast growing, innovative designer, manufacturer and distributor of modern LifeStyle furniture, on 9 April announced it has commenced development of its e-commerce platform designed to capitalize on a growing middle class and the rapidly growing online demand for furniture and home furnishings in China. Nova Lifestyle Inc. (NASDAQ:NVFY) shares after opening at $7.19 moved to $7.20 on last trade day and at the end of the day closed at $6.13. Company price to sales ratio in past twelve months was calculated as 1.56 and price to cash ratio as 74.29. Nova Lifestyle Inc. (NASDAQ:NVFY) showed a negative weekly performance of -18.92%.
SGOCO Group, Ltd. (NASDAQ:SGOC) a company focused on product design, distribution and brand development in the display market, announced the launch of a new flat screen display unit to target high-end markets, along with two upgraded versions of its Parts-In-One PC (“PIO”). SGOCO Group Ltd (NASDAQ:SGOC) shares fell -5.41% in last trading session and ended the day on $2.10. SGOC return on equity ratio is recorded as 12.80% and its return on assets is 8.70%. SGOCO Group Ltd (NASDAQ:SGOC) yearly performance is 103.88%.
Fuwei Films (Holdings) Co., Ltd (NASDAQ:FFHL) on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Chemicals industry. The net income has significantly decreased by 58.0% when compared to the same quarter one year ago, falling from -$2.41 million to -$3.81 million. Fuwei Films (Holdings) Co., Ltd (NASDAQ:FFHL) shares moved down -6.30% in last trading session and was closed at $1.49, while trading in range of $1.42 – $1.65. Fuwei Films (Holdings) Co., Ltd (NASDAQ:FFHL) year to date (YTD) performance is 33.04%.
ROI Acquisition Corp logo ROI Acquisition Corp (NASDAQ:EVRY) had its target price cut by Telsey Advisory Group from $10.00 to $6.00 in a research note released on Wednesday morning, AmericanBankingNews. ROI Acquisition Corp (NASDAQ:EVRY) weekly performance is -1.55%. On last trading day company shares ended up $3.82. ROI Acquisition Corp (NASDAQ:EVRY) distance from 50-day simple moving average (SMA50) is -33.36%. Analysts mean target price for the company is $5.50.