Natuzzi (NYSE:NTZ) Share Price Passes Below 200-Day Moving Average – What’s Next?

Natuzzi S.p.A. (NYSE:NTZ) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.75 and traded as low as $4.05. Natuzzi shares last traded at $4.12, with a volume of 4,343 shares trading hands.

Analysts Set New Price Targets

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

Natuzzi Stock Up 0.5 %

The firm has a 50 day moving average price of $4.20 and a 200-day moving average price of $4.75.

Institutional Trading of Natuzzi

An institutional investor recently raised its position in Natuzzi stock. Benjamin F. Edwards & Company Inc. raised its position in Natuzzi S.p.A. (NYSE:NTZ) by 2.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 1.10% of Natuzzi worth $594,000 as of its most recent filing with the Securities and Exchange Commission. 6.07% of the stock is currently owned by institutional investors.

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.