Natuzzi, S.p.A (NYSE:NTZ) Lifted to Hold at ValuEngine

ValuEngine upgraded shares of Natuzzi, S.p.A (NYSE:NTZ) from a sell rating to a hold rating in a research note released on Thursday morning, ValuEngine reports.

NYSE:NTZ traded down $0.07 on Thursday, reaching $1.62. 22,451 shares of the company’s stock were exchanged, compared to its average volume of 9,794. The company has a quick ratio of 0.73, a current ratio of 1.15 and a debt-to-equity ratio of 0.07. The stock has a market cap of $18.54 million, a price-to-earnings ratio of 1.03 and a beta of 0.59. The business has a fifty day simple moving average of $2.35. Natuzzi, S.p.A has a 52-week low of $1.60 and a 52-week high of $8.25.

Natuzzi, S.p.A (NYSE:NTZ) last released its earnings results on Friday, May 24th. The company reported ($0.45) earnings per share for the quarter. Natuzzi, S.p.A had a return on equity of 12.12% and a net margin of 3.61%. The firm had revenue of $120.05 million for the quarter.

About Natuzzi, S.p.A

Natuzzi S.p.A. designs, manufactures, and markets leather and fabric upholstered furniture worldwide. The company operates through Natuzzi Brand and Softaly/Private Label segments. Its products primarily include stationary furniture, such as sofas, loveseats, and armchairs; sectional furniture; motion furniture; sofa beds; occasional chairs, including recliners and massage chairs; and furnishings and accessories for the living room and beds, bed linens, and bedroom furnishings.

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