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

Natuzzi, S.p.A. (NYSE:NTZ) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.40 and traded as low as $1.00. Natuzzi shares last traded at $1.00, with a volume of 6,933 shares traded.

Natuzzi Price Performance

The business has a 50 day simple moving average of $1.52 and a 200-day simple moving average of $2.39.

Natuzzi (NYSE:NTZ) last posted 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 net margin of 10.29% and a negative return on equity of 86.98%.

Hedge Funds Weigh In On Natuzzi

A number of large investors have recently bought and sold shares of NTZ. Kanen Wealth Management LLC grew its stake in shares of Natuzzi by 2.8% during the 1st quarter. Kanen Wealth Management LLC now owns 2,222,276 shares of the company’s stock valued at $6,778,000 after buying an additional 60,140 shares during the period. Citadel Advisors LLC purchased a new position in shares of Natuzzi in the 3rd quarter worth $36,000. Benjamin Edwards Inc. boosted its holdings in Natuzzi by 27.5% in the second quarter. Benjamin Edwards Inc. now owns 178,000 shares of the company’s stock valued at $648,000 after acquiring an additional 38,350 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in Natuzzi in the first quarter valued at $1,817,000. Hedge funds and other institutional investors own 6.07% of the company’s stock.

About Natuzzi

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.