Natuzzi (NYSE:NTZ) Shares Cross Below 200 Day Moving Average – Time to Sell?

Natuzzi, S.p.A. (NYSE:NTZ) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.24 and traded as low as $2.62. Natuzzi shares last traded at $2.6450, with a volume of 4,061 shares trading hands.

Natuzzi Price Performance

The business has a 50 day moving average of $3.10 and a 200 day moving average of $3.24.

Institutional Trading of Natuzzi

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kanen Wealth Management LLC raised its position in Natuzzi by 5.8% in the first quarter. Kanen Wealth Management LLC now owns 1,763,136 shares of the company’s stock worth $8,657,000 after purchasing an additional 96,890 shares in the last quarter. Benjamin Edwards Inc. raised its holdings in shares of Natuzzi by 6.6% in the 1st quarter. Benjamin Edwards Inc. now owns 139,650 shares of the company’s stock worth $686,000 after buying an additional 8,600 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in shares of Natuzzi during the 1st quarter worth approximately $1,817,000. Finally, Citadel Advisors LLC acquired a new stake in Natuzzi in the 3rd quarter valued at $36,000. Institutional investors own 6.07% of the company’s stock.

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.