Natuzzi (NYSE:NTZ) Stock Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Natuzzi S.p.A. (NYSE:NTZ) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.54 and traded as low as $3.95. Natuzzi shares last traded at $4.09, with a volume of 3,222 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Natuzzi in a research report on Saturday. They set a “hold” rating for the company.

Natuzzi Stock Up 0.2 %

The firm has a 50 day moving average of $4.64 and a 200 day moving average of $4.54.

Institutional Investors Weigh In On Natuzzi

A hedge fund recently raised its stake in Natuzzi stock. Kanen Wealth Management LLC grew its holdings in Natuzzi S.p.A. (NYSE:NTZ) by 5.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,763,136 shares of the company’s stock after purchasing an additional 96,890 shares during the period. Natuzzi makes up about 3.5% of Kanen Wealth Management LLC’s holdings, making the stock its 10th biggest position. Kanen Wealth Management LLC owned about 16.01% of Natuzzi worth $8,657,000 as of its most recent SEC filing. 6.07% of the stock is owned by institutional investors.

Natuzzi Company Profile

Natuzzi S.p.A. engages in the design, manufacture, and marketing of leather and fabric upholstered furniture through its own and franchised stores in the United States, Italy, China, Brazil, Spain, Mexico, Canada, Australia, Belgium, the United Arab Emirates, South Korea, Israel, Taiwan, the United Kingdom, and internationally.