Natuzzi (NYSE:NTZ) Stock Price Crosses Above Fifty Day Moving Average – Should You Sell?

Natuzzi, S.p.A. (NYSE:NTZ)’s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $2.88 and traded as high as $3.22. Natuzzi shares last traded at $3.00, with a volume of 3,279 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Natuzzi in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Natuzzi currently has an average rating of “Sell”.

Natuzzi Stock Performance

The business’s 50 day simple moving average is $2.88 and its 200-day simple moving average is $2.93.

Natuzzi (NYSE:NTZ) last announced its quarterly earnings data on Thursday, November 20th. The company reported ($0.64) earnings per share (EPS) for the quarter. Natuzzi had a negative net margin of 6.12% and a negative return on equity of 38.57%. The firm had revenue of $92.29 million during the quarter.

Institutional Investors Weigh In On Natuzzi

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Kanen Wealth Management LLC lifted its holdings in shares of Natuzzi by 5.8% during the first quarter. Kanen Wealth Management LLC now owns 1,763,136 shares of the company’s stock worth $8,657,000 after purchasing an additional 96,890 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in shares of Natuzzi in the first quarter valued at about $1,817,000. Benjamin Edwards Inc. raised its position in shares of Natuzzi by 27.5% during the second quarter. Benjamin Edwards Inc. now owns 178,000 shares of the company’s stock worth $648,000 after acquiring an additional 38,350 shares during the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of Natuzzi during the third quarter worth about $36,000. Institutional investors own 6.07% of the company’s stock.

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.