Natuzzi (NYSE:NTZ) Share Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Natuzzi S.p.A. (NYSE:NTZ)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $4.99 and traded as low as $4.10. Natuzzi shares last traded at $4.20, with a volume of 852 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Natuzzi in a research report on Wednesday. They set a “hold” rating for the company.

Natuzzi Price Performance

The company’s 50-day moving average is $4.26 and its two-hundred day moving average is $4.99.

Hedge Funds Weigh In On Natuzzi

An institutional investor recently raised its position in Natuzzi stock. Benjamin F. Edwards & Company Inc. boosted its position in Natuzzi S.p.A. (NYSE:NTZ) by 2.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 121,262 shares of the company’s stock after acquiring an additional 2,450 shares during the quarter. Benjamin F. Edwards & Company Inc. owned 1.10% of Natuzzi worth $594,000 as of its most recent filing with the Securities & Exchange Commission. 6.07% of the stock is currently owned by institutional investors and hedge funds.

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.