Natuzzi (NYSE:NTZ) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

Natuzzi, S.p.A. (NYSE:NTZ)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.70 and traded as low as $1.56. Natuzzi shares last traded at $1.56, with a volume of 474 shares changing hands.

Natuzzi Stock Down 4.3%

The firm has a 50-day moving average price of $2.13 and a 200-day moving average price of $2.70. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.85 and a quick ratio of 0.50.

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

Institutional Investors Weigh In On Natuzzi

Institutional investors and hedge funds have recently made changes to their positions in the company. Kanen Wealth Management LLC raised its holdings in Natuzzi by 2.8% in the 1st quarter. Kanen Wealth Management LLC now owns 2,222,276 shares of the company’s stock worth $6,778,000 after acquiring an additional 60,140 shares during the last quarter. Citadel Advisors LLC purchased a new position in shares of Natuzzi in the third quarter worth $36,000. Benjamin Edwards Inc. lifted its holdings in shares of Natuzzi by 27.5% during the second 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. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in shares of Natuzzi during the first quarter valued at $1,817,000. 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.