Natuzzi (NYSE:NTZ) Shares Cross Below 200 Day Moving Average – Time to Sell?

Natuzzi S.p.A. (NYSE:NTZ) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $4.91 and traded as low as $3.81. Natuzzi shares last traded at $3.81, with a volume of 3,030 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Natuzzi in a research report on Thursday. They set a “hold” rating on the stock.

Natuzzi Price Performance

The firm’s fifty day moving average price is $4.21 and its 200-day moving average price is $4.89.

Institutional Trading of Natuzzi

An institutional investor recently raised its position in Natuzzi stock. Benjamin F. Edwards & Company Inc. boosted its stake in Natuzzi S.p.A. (NYSE:NTZ) by 2.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 121,262 shares of the company’s stock after acquiring an additional 2,450 shares during the period. Benjamin F. Edwards & Company Inc. owned 1.10% of Natuzzi worth $594,000 at the end of the most recent reporting period. Institutional investors own 6.07% of the company’s stock.

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.