Natuzzi (NYSE:NTZ) Shares Pass Below 200-Day Moving Average of $6.41

Shares of Natuzzi S.p.A. (NYSE:NTZ) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.41 and traded as low as $5.95. Natuzzi shares last traded at $6.08, with a volume of 828 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Natuzzi in a research report on Tuesday. They issued a “hold” rating on the stock.

Natuzzi Price Performance

The company’s 50 day simple moving average is $6.23 and its 200-day simple moving average is $6.40.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Natuzzi stock. Cambridge Investment Research Advisors Inc. grew its holdings in Natuzzi S.p.A. (NYSE:NTZ) by 11.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,577 shares of the company’s stock after purchasing an additional 1,577 shares during the quarter. Cambridge Investment Research Advisors Inc. owned approximately 0.14% of Natuzzi worth $171,000 at the end of the most recent reporting period. Institutional investors own 6.07% of the company’s stock.

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, Canada, other Americas, West and South Europe, Italy, the Middle East, Africa, India, the Asia-Pacific, the United Kingdom, and internationally.