Natuzzi (NYSE:NTZ) Stock Crosses Below 200-Day Moving Average of $6.41

Natuzzi S.p.A. (NYSE:NTZ)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $6.41 and traded as low as $5.95. Natuzzi shares last traded at $6.08, with a volume of 828 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Natuzzi in a research note on Tuesday. They set a “hold” rating on the stock.

Natuzzi Trading Up 2.2 %

The company’s 50 day moving average is $6.25 and its 200-day moving average is $6.41.

Institutional Investors Weigh In On Natuzzi

An institutional investor recently raised its position in Natuzzi stock. Cambridge Investment Research Advisors Inc. raised its stake in Natuzzi S.p.A. (NYSE:NTZ) by 11.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 15,577 shares of the company’s stock after purchasing an additional 1,577 shares during the period. Cambridge Investment Research Advisors Inc. owned 0.14% of Natuzzi worth $171,000 as of its most recent SEC filing. 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, Canada, other Americas, West and South Europe, Italy, the Middle East, Africa, India, the Asia-Pacific, the United Kingdom, and internationally.