Natuzzi (NYSE:NTZ) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Natuzzi, S.p.A. (NYSE:NTZ)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.95 and traded as low as $2.31. Natuzzi shares last traded at $2.60, with a volume of 46,643 shares traded.

Analyst Ratings Changes

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

Natuzzi Stock Up 10.2%

The company has a 50 day moving average of $2.63 and a 200 day moving average of $2.95.

Natuzzi (NYSE:NTZ) last issued its earnings results on Thursday, November 20th. The company reported ($0.64) earnings per share for the quarter. The company 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%.

Hedge Funds Weigh In On Natuzzi

A number of institutional investors have recently bought and sold shares of NTZ. Citadel Advisors LLC acquired a new position in Natuzzi in the third quarter valued at approximately $36,000. Benjamin Edwards Inc. raised its holdings in Natuzzi by 27.5% in the 2nd quarter. Benjamin Edwards Inc. now owns 178,000 shares of the company’s stock valued at $648,000 after buying an additional 38,350 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in Natuzzi during the first quarter worth about $1,817,000. Finally, Kanen Wealth Management LLC raised its position in Natuzzi by 1.6% in the second quarter. Kanen Wealth Management LLC now owns 1,791,446 shares of the company’s stock valued at $6,521,000 after purchasing an additional 28,310 shares during the period. 6.07% of the stock is owned by hedge funds and other institutional investors.

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.