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

by · The Cerbat Gem

Natuzzi, S.p.A. (NYSE:NTZ – Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.19 and traded as low as $2.41. Natuzzi shares last traded at $2.4150, with a volume of 601 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings began coverage on Natuzzi in a report on Monday. They set a “sell (e+)” rating for the company. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Get Our Latest Stock Report on NTZ

Natuzzi Price Performance

The firm’s fifty day moving average price is $2.94 and its two-hundred day moving average price is $3.18.

Institutional Trading of Natuzzi

A number of large investors have recently modified their holdings of NTZ. Benjamin Edwards Inc. grew its holdings in shares of Natuzzi by 6.6% during the first quarter. Benjamin Edwards Inc. now owns 139,650 shares of the company’s stock worth $686,000 after purchasing an additional 8,600 shares in the last quarter. Citadel Advisors LLC bought a new stake in Natuzzi during the third quarter valued at approximately $36,000. Kanen Wealth Management LLC grew its stake in Natuzzi by 1.6% in the 2nd quarter. Kanen Wealth Management LLC now owns 1,791,446 shares of the company’s stock worth $6,521,000 after buying an additional 28,310 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 in the 1st quarter worth $1,817,000. Institutional investors own 6.07% of the company’s stock.

About Natuzzi

(Get Free Report)

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.

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