Natuzzi (NYSE:NTZ) Shares Pass Below 200-Day Moving Average – Here’s Why

Natuzzi, S.p.A. (NYSE:NTZ)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.70 and traded as low as $1.56. Natuzzi shares last traded at $1.56, with a volume of 474 shares traded.

Natuzzi Price Performance

The firm has a fifty day simple moving average of $2.13 and a two-hundred day simple moving average of $2.70. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.85 and a quick ratio of 0.50.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Kanen Wealth Management LLC grew its position in shares of Natuzzi by 2.8% in the 1st quarter. Kanen Wealth Management LLC now owns 2,222,276 shares of the company’s stock worth $6,778,000 after buying an additional 60,140 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in shares of Natuzzi during the first quarter valued at approximately $1,817,000. Benjamin Edwards Inc. increased its stake in shares of Natuzzi by 27.5% during the second quarter. Benjamin Edwards Inc. now owns 178,000 shares of the company’s stock valued at $648,000 after purchasing an additional 38,350 shares in the last quarter. Finally, Citadel Advisors LLC bought a new position in Natuzzi during the 3rd quarter valued at approximately $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.