Natuzzi (NYSE:NTZ) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

Natuzzi S.p.A. (NYSE:NTZ)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $4.39 and traded as high as $4.44. Natuzzi shares last traded at $4.44, with a volume of 33,862 shares.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Natuzzi in a research report on Saturday. They issued a “hold” rating for the company.

Natuzzi Stock Performance

The stock’s 50-day simple moving average is $4.39 and its two-hundred day simple moving average is $4.42.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Natuzzi stock. Benjamin Edwards Inc. bought a new position in Natuzzi S.p.A. (NYSE:NTZ) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 125,062 shares of the company’s stock, valued at approximately $544,000. Benjamin Edwards Inc. owned 1.13% of Natuzzi as of its most recent SEC filing. Hedge funds and other institutional investors own 6.07% of the company’s stock.

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.