Natuzzi (NYSE:NTZ) Releases Earnings Results

Natuzzi (NYSE:NTZ) announced its quarterly earnings data on Wednesday. The company reported ($0.46) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $68.87 million during the quarter. Natuzzi had a negative net margin of 9.71% and a negative return on equity of 76.40%.

Natuzzi Price Performance

Natuzzi stock remained flat at $1.34 during midday trading on Thursday. The company’s stock had a trading volume of 354 shares, compared to its average volume of 3,131. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.85 and a quick ratio of 0.50. The stock’s fifty day moving average is $1.80 and its 200-day moving average is $2.57. Natuzzi has a one year low of $1.21 and a one year high of $4.06.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Citadel Advisors LLC acquired a new stake in shares of Natuzzi during the 3rd quarter worth about $36,000. Benjamin Edwards Inc. boosted its holdings in Natuzzi by 27.5% in the second quarter. Benjamin Edwards Inc. now owns 178,000 shares of the company’s stock valued at $648,000 after purchasing an additional 38,350 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in Natuzzi in the first quarter valued at approximately $1,817,000. Finally, Kanen Wealth Management LLC increased its stake in Natuzzi by 2.8% in the first quarter. Kanen Wealth Management LLC now owns 2,222,276 shares of the company’s stock valued at $6,778,000 after purchasing an additional 60,140 shares during the last quarter. Hedge funds and other institutional investors own 6.07% of the company’s stock.

Natuzzi Company Profile

Natuzzi S.p.A. is a global design and manufacturing company specializing in high-quality upholstered furniture. The company’s product portfolio includes leather and fabric sofas, armchairs, recliners, sectional systems and complementary home furnishings such as coffee tables, beds and accessories. Natuzzi markets its offerings under two primary brands—Natuzzi Italia, which focuses on contemporary Italian design, and Natuzzi Editions, which provides a broader range of styles at accessible price points.

Founded in 1959 by Pasquale Natuzzi in Santeramo in Colle, Italy, the company began as a small artisan workshop and has grown into the world’s largest producer of leather upholstered furniture.