Natuzzi (NYSE:NTZ) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

Natuzzi, S.p.A. (NYSE:NTZ)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.80 and traded as low as $1.99. Natuzzi shares last traded at $1.99, with a volume of 372 shares traded.

Natuzzi Stock Up 4.2%

The company has a debt-to-equity ratio of 0.89, a current ratio of 0.85 and a quick ratio of 0.50. The firm has a 50 day moving average price of $2.62 and a two-hundred day moving average price of $2.80.

Natuzzi (NYSE:NTZ) last posted its quarterly earnings data on Friday, May 15th. The company reported ($1.55) EPS for the quarter. Natuzzi had a negative return on equity of 76.40% and a negative net margin of 9.71%.The company had revenue of $90.93 million during the quarter.

Hedge Funds Weigh In On Natuzzi

A number of hedge funds have recently bought and sold shares of NTZ. Citadel Advisors LLC bought a new position in shares of Natuzzi in the 3rd quarter worth about $36,000. Benjamin Edwards Inc. boosted 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 valued at $648,000 after purchasing an additional 38,350 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of Natuzzi during the 1st quarter valued at about $1,817,000. Finally, Kanen Wealth Management LLC boosted its position in shares of Natuzzi by 2.8% during the 1st quarter. Kanen Wealth Management LLC now owns 2,222,276 shares of the company’s stock valued at $6,778,000 after purchasing an additional 60,140 shares in the last quarter. Institutional investors own 6.07% of the company’s stock.

Natuzzi Company Profile

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.