Natuzzi (NTZ) Set to Announce Earnings on Friday

Natuzzi (NYSE:NTZ – Get Rating) will issue its quarterly earnings data after the market closes on Friday, May 27th.

Shares of NTZ stock opened at $9.78 on Monday. The firm has a market capitalization of $107.30 million, a price-to-earnings ratio of 28.76 and a beta of 1.65. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.01 and a quick ratio of 0.60. The business has a fifty day moving average of $11.81 and a 200 day moving average of $12.95. Natuzzi has a 1 year low of $9.32 and a 1 year high of $23.11.

Separately, StockNews.com initiated coverage on Natuzzi in a research report on Saturday. They set a “hold” rating on the stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN acquired a new stake in Natuzzi during the 2nd quarter worth about $96,000. Cambridge Investment Research Advisors Inc. grew its position in Natuzzi by 11.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 15,577 shares of the company’s stock worth $171,000 after purchasing an additional 1,577 shares during the period. Finally, Morgan Stanley grew its position in Natuzzi by 1.4% during the 3rd quarter. Morgan Stanley now owns 177,675 shares of the company’s stock worth $2,891,000 after purchasing an additional 2,461 shares during the period. 15.72% of the stock is currently owned by institutional investors.

About Natuzzi (Get Rating)

Natuzzi S.p.A. designs, manufactures, and markets leather and fabric upholstered furniture through its own and franchised stores worldwide. The company operates through two segments, Natuzzi Brand and Private Label. Its products primarily include stationary furniture, such as sofas, loveseats, and armchairs; sectional furniture; motion furniture; sofa beds; occasional chairs, including recliners and massage chairs; and home furnishing accessories, including coffee tables, lamps, rugs, home accessories, and wall units.

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