Natuzzi, S.p.A (NYSE:NTZ) Shares Cross Below 50-Day Moving Average of $1.63

Shares of Natuzzi, S.p.A (NYSE:NTZ) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $1.63 and traded as low as $1.58. Natuzzi, S.p.A shares last traded at $1.58, with a volume of 1,190 shares.

A number of research firms have recently issued reports on NTZ. ValuEngine upgraded Natuzzi, S.p.A from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. TheStreet downgraded Natuzzi, S.p.A from a “c-” rating to a “d+” rating in a research note on Monday, August 19th.

The stock has a market capitalization of $17.66 million, a PE ratio of 1.13 and a beta of 0.78. The stock has a 50 day moving average price of $1.64 and a 200-day moving average price of $2.31.

Natuzzi, S.p.A (NYSE:NTZ) last released its quarterly earnings results on Friday, September 27th. The company reported ($1.07) earnings per share (EPS) for the quarter. The firm had revenue of $103.62 million during the quarter. Natuzzi, S.p.A had a return on equity of 12.51% and a net margin of 3.17%.

About Natuzzi, S.p.A (NYSE:NTZ)

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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