Natuzzi (NYSE:NTZ) Shares Pass Below 200 Day Moving Average – Should You Sell?

Natuzzi, S.p.A. (NYSE:NTZ)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.90 and traded as low as $2.87. Natuzzi shares last traded at $2.9260, with a volume of 560 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Natuzzi in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Natuzzi Trading Down 2.1%

The firm’s fifty day simple moving average is $2.74 and its 200 day simple moving average is $2.90.

Natuzzi (NYSE:NTZ) last released its quarterly earnings data on Thursday, November 20th. The company reported ($0.64) earnings per share (EPS) for the quarter. The firm had revenue of $92.29 million for the quarter. Natuzzi had a negative return on equity of 38.57% and a negative net margin of 6.12%.

Institutional Investors Weigh In On Natuzzi

Several institutional investors have recently added to or reduced their stakes in the business. Citadel Advisors LLC acquired a new position in Natuzzi in the third quarter valued at approximately $36,000. Benjamin Edwards Inc. lifted its position in shares of Natuzzi by 27.5% during the 2nd quarter. Benjamin Edwards Inc. now owns 178,000 shares of the company’s stock worth $648,000 after buying an additional 38,350 shares during the last quarter. Kanen Wealth Management LLC boosted its holdings in shares of Natuzzi by 5.8% in the 1st quarter. Kanen Wealth Management LLC now owns 1,763,136 shares of the company’s stock valued at $8,657,000 after buying an additional 96,890 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in shares of Natuzzi in the 1st 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.