Natuzzi (NYSE:NTZ) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Natuzzi, S.p.A. (NYSE:NTZ – Get Free Report)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.48 and traded as low as $1.31. Natuzzi shares last traded at $1.35, with a volume of 954 shares.

Natuzzi Price Performance

The firm’s 50-day moving average is $1.65 and its 200-day moving average is $2.47.

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Natuzzi (NYSE:NTZ – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported ($0.46) EPS for the quarter. The company had revenue of $68.87 million for the quarter. Natuzzi had a negative return on equity of 86.98% and a negative net margin of 10.29%.

Hedge Funds Weigh In On Natuzzi

Several institutional investors and hedge funds have recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in Natuzzi in the 1st quarter worth approximately $1,817,000. Kanen Wealth Management LLC raised its position in Natuzzi by 5.8% during the first quarter. Kanen Wealth Management LLC now owns 1,763,136 shares of the company’s stock valued at $8,657,000 after purchasing an additional 96,890 shares in the last quarter. Benjamin Edwards Inc. lifted its holdings in shares of Natuzzi by 27.5% in the 2nd quarter. Benjamin Edwards Inc. now owns 178,000 shares of the company’s stock worth $648,000 after acquiring an additional 38,350 shares during the last quarter. Finally, Citadel Advisors LLC bought a new stake in shares of Natuzzi in the 3rd quarter valued at about $36,000. 6.07% of the stock is owned by institutional investors.

About Natuzzi

(Get Free Report)

Natuzzi S.p.A. is a global design and manufacturing company specializing in high-quality upholstered furniture. The company’s product portfolio includes leather and fabric sofas, armchairs, recliners, sectional systems and complementary home furnishings such as coffee tables, beds and accessories. Natuzzi markets its offerings under two primary brands—Natuzzi Italia, which focuses on contemporary Italian design, and Natuzzi Editions, which provides a broader range of styles at accessible price points.

Founded in 1959 by Pasquale Natuzzi in Santeramo in Colle, Italy, the company began as a small artisan workshop and has grown into the world’s largest producer of leather upholstered furniture.

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