Natuzzi (NYSE:NTZ) Stock Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Natuzzi S.p.A. (NYSE:NTZ)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Natuzzi in a research note on Friday. They issued a “hold” rating on the stock.

Natuzzi Stock Down 3.9 %

The stock has a 50 day moving average price of $4.71 and a two-hundred day moving average price of $4.55.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Natuzzi stock. Benjamin Edwards Inc. boosted its position in Natuzzi S.p.A. (NYSE:NTZ) by 4.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 131,050 shares of the company’s stock after acquiring an additional 5,988 shares during the period. Benjamin Edwards Inc. owned 1.19% of Natuzzi worth $629,000 at the end of the most recent quarter. 6.07% of the stock is owned by hedge funds and other institutional investors.

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.