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

Natuzzi, S.p.A. (NYSE:NTZ) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.82 and traded as low as $2.10. Natuzzi shares last traded at $2.10, with a volume of 1,573 shares.

Natuzzi Price Performance

The business has a 50 day simple moving average of $2.73 and a 200-day simple moving average of $2.82. The company has a quick ratio of 0.50, a current ratio of 0.85 and a debt-to-equity ratio of 0.89.

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

Hedge Funds Weigh In On Natuzzi

A number of hedge funds have recently modified their holdings of the business. Kanen Wealth Management LLC grew its holdings 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 worth $6,778,000 after purchasing an additional 60,140 shares during the period. Citadel Advisors LLC purchased a new position in shares of Natuzzi during the 3rd quarter worth $36,000. Benjamin Edwards Inc. grew its holdings 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 purchasing an additional 38,350 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in shares of Natuzzi during the 1st quarter worth $1,817,000. 6.07% of the stock is currently owned by hedge funds and other institutional investors.

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.