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

Natuzzi, S.p.A. (NYSE:NTZ) 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.

Natuzzi Stock Down 5.8%

The firm’s fifty day moving average price is $2.11 and its 200-day moving average price is $2.70. 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 released its earnings results on Friday, May 15th. The company reported ($1.55) EPS for the quarter. Natuzzi had a negative net margin of 9.71% and a negative return on equity of 76.40%. The business had revenue of $90.93 million for the quarter.

Institutional Investors Weigh In On Natuzzi

Several institutional investors have recently made changes to their positions in the company. Citadel Advisors LLC acquired a new position in Natuzzi during the third quarter valued at approximately $36,000. Benjamin Edwards Inc. grew its stake 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 last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in Natuzzi in the 1st quarter worth $1,817,000. Finally, 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 period. 6.07% of the stock is currently owned by institutional investors and hedge funds.

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.