Natuzzi (NYSE:NTZ) Share Price Passes Below Two Hundred Day Moving Average of $5.30

Natuzzi S.p.A. (NYSE:NTZ) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.30 and traded as low as $3.90. Natuzzi shares last traded at $4.06, with a volume of 442 shares traded.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Natuzzi in a report on Saturday. They issued a “hold” rating for the company.

Natuzzi Price Performance

The company has a 50 day moving average of $4.41 and a 200 day moving average of $5.30.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Natuzzi stock. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Natuzzi S.p.A. (NYSE:NTZ) by 2.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 121,262 shares of the company’s stock after purchasing an additional 2,450 shares during the period. Benjamin F. Edwards & Company Inc. owned approximately 1.10% of Natuzzi worth $594,000 at the end of the most recent reporting period. 6.07% of the stock is currently owned by institutional investors.

About Natuzzi

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.