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

Natuzzi S.p.A. (NYSE:NTZ) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.56 and traded as low as $4.24. Natuzzi shares last traded at $4.15, with a volume of 569 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Natuzzi in a report on Friday. They set a “hold” rating for the company.

Natuzzi Stock Performance

The business has a 50 day moving average of $4.71 and a 200 day moving average of $4.55.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Natuzzi stock. Kanen Wealth Management LLC grew its holdings in Natuzzi S.p.A. (NYSE:NTZ) by 2.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,666,246 shares of the company’s stock after acquiring an additional 34,086 shares during the quarter. Natuzzi accounts for about 3.0% of Kanen Wealth Management LLC’s investment portfolio, making the stock its 10th largest holding. Kanen Wealth Management LLC’s holdings in Natuzzi were worth $7,998,000 at the end of the most recent quarter. 6.07% of the stock is owned by institutional investors and hedge funds.

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.