Natuzzi, S.p.A (NYSE:NTZ) Shares Cross Below 50-Day Moving Average of $1.68
Natuzzi, S.p.A (NYSE:NTZ)’s share price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $1.68 and traded as low as $1.60. Natuzzi, S.p.A shares last traded at $1.60, with a volume of 214 shares trading hands.
A number of research analysts have issued reports on NTZ shares. TheStreet cut Natuzzi, S.p.A from a “c-” rating to a “d+” rating in a research report on Monday, August 19th. ValuEngine upgraded Natuzzi, S.p.A from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd.
The stock has a 50-day simple moving average of $1.68 and a 200-day simple moving average of $2.16. The stock has a market cap of $17.88 million, a P/E ratio of 1.15 and a beta of 0.78.
About Natuzzi, S.p.A (NYSE:NTZ)
Natuzzi S.p.A. designs, manufactures, and markets leather and fabric upholstered furniture worldwide. The company operates through Natuzzi Brand and Softaly/Private Label segments. Its products primarily include stationary furniture, such as sofas, loveseats, and armchairs; sectional furniture; motion furniture; sofa beds; occasional chairs, including recliners and massage chairs; and furnishings and accessories for the living room and beds, bed linens, and bedroom furnishings.
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