Natuzzi, S.p.A (NYSE:NTZ) Shares Pass Below Fifty Day Moving Average of $2.14

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Shares of Natuzzi, S.p.A (NYSE:NTZ) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $2.14 and traded as low as $1.47. Natuzzi, S.p.A shares last traded at $1.47, with a volume of 200 shares traded.

Separately, ValuEngine upgraded shares of Natuzzi, S.p.A from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st.

The business has a 50-day moving average of $2.12. The company has a market cap of $17.66 million, a price-to-earnings ratio of 0.98 and a beta of 0.59. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.15 and a quick ratio of 0.73.

Natuzzi, S.p.A (NYSE:NTZ) last released its quarterly earnings data on Friday, May 24th. The company reported ($0.45) earnings per share (EPS) for the quarter. The company had revenue of $120.05 million for the quarter. Natuzzi, S.p.A had a return on equity of 12.12% and a net margin of 3.61%.

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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