Natuzzi (NYSE:NTZ) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

Natuzzi, S.p.A. (NYSE:NTZ)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.80 and traded as low as $1.99. Natuzzi shares last traded at $1.99, with a volume of 372 shares.

Natuzzi Price Performance

The company has a quick ratio of 0.50, a current ratio of 0.85 and a debt-to-equity ratio of 0.89. The business’s 50-day moving average is $2.59 and its two-hundred day moving average is $2.79.

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

Institutional Investors Weigh In On Natuzzi

Several large investors have recently modified their holdings of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in shares of Natuzzi in the 1st quarter valued at $1,817,000. Kanen Wealth Management LLC boosted its stake in Natuzzi by 5.8% during the 1st 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. Benjamin Edwards Inc. boosted its stake in 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, Citadel Advisors LLC purchased a new position in Natuzzi during the 3rd quarter worth $36,000. 6.07% of the stock is 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.