Natuzzi (NYSE:NTZ) Stock Crosses Below 200 Day Moving Average of $6.41

Shares of Natuzzi S.p.A. (NYSE:NTZ - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.41 and traded as low as $5.95. Natuzzi shares last traded at $6.08, with a volume of 828 shares.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Natuzzi in a report on Tuesday. They set a "hold" rating on the stock.

Natuzzi Price Performance

The firm has a 50-day moving average price of $6.24 and a 200 day moving average price of $6.40.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Natuzzi stock. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Natuzzi S.p.A. (NYSE:NTZ - Free Report) by 11.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,577 shares of the company's stock after purchasing an additional 1,577 shares during the quarter. Cambridge Investment Research Advisors Inc. owned approximately 0.14% of Natuzzi worth $171,000 at the end of the most recent reporting period. 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, Canada, other Americas, West and South Europe, Italy, the Middle East, Africa, India, the Asia-Pacific, the United Kingdom, and internationally.