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.

Natuzzi, S.p.A (NYSE:NTZ) last released its earnings results on Friday, September 27th. The company reported ($1.07) earnings per share (EPS) for the quarter. Natuzzi, S.p.A had a net margin of 3.17% and a return on equity of 12.51%. The business had revenue of $103.62 million during the quarter.

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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