Natuzzi, S.p.A (NYSE:NTZ) Shares Pass Above 50-Day Moving Average of $1.45

Natuzzi, S.p.A (NYSE:NTZ) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $1.45 and traded as high as $1.80. Natuzzi, S.p.A shares last traded at $1.79, with a volume of 2,402 shares.

NTZ has been the topic of a number of analyst reports. ValuEngine raised shares of Natuzzi, S.p.A from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. TheStreet downgraded shares of Natuzzi, S.p.A from a “c-” rating to a “d+” rating in a report on Monday, August 19th.

The stock has a market capitalization of $19.75 million, a PE ratio of 1.27 and a beta of 0.78. The stock’s fifty day simple moving average is $1.47 and its 200-day simple moving average is $2.75.

Natuzzi, S.p.A Company Profile (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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