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

Natuzzi S.p.A. (NYSE:NTZ) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $4.56 and traded as low as $4.24. Natuzzi shares last traded at $4.15, with a volume of 569 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Natuzzi in a research report on Friday. They issued a “hold” rating on the stock.

Natuzzi Trading Down 7.0 %

The business’s 50-day simple moving average is $4.72 and its two-hundred day simple moving average is $4.56.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Natuzzi stock. Benjamin Edwards Inc. grew its holdings in shares of Natuzzi S.p.A. (NYSE:NTZ) by 4.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 131,050 shares of the company’s stock after buying an additional 5,988 shares during the period. Benjamin Edwards Inc. owned approximately 1.19% of Natuzzi worth $629,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 6.07% of the company’s stock.

Natuzzi Company Profile

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.