Natuzzi (NTZ) to Release Earnings on Wednesday

Natuzzi (NYSE:NTZ – Get Rating) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, May 31st. Individual interested in participating in the company’s earnings conference call can do so using this link.

Natuzzi Trading Up 15.5 %

Shares of NYSE NTZ opened at $5.90 on Wednesday. Natuzzi has a twelve month low of $4.40 and a twelve month high of $10.74. The firm has a fifty day simple moving average of $5.26 and a 200 day simple moving average of $6.03. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.06 and a quick ratio of 0.67.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Natuzzi in a research note on Wednesday. They set a “hold” rating for the company.

Institutional Investors Weigh In On Natuzzi

A hedge fund recently raised its stake in Natuzzi stock. Cambridge Investment Research Advisors Inc. boosted its stake in Natuzzi S.p.A. (NYSE:NTZ – Get Rating) by 11.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 about 0.14% of Natuzzi worth $171,000 as of its most recent SEC filing. 16.70% of the stock is owned by institutional investors and hedge funds.

About Natuzzi

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Natuzzi SpA engages in the design, production and marketing of contemporary and traditional leather and fabric upholstered furniture. Its products include sofas, armchairs, home furniture, and home accessories. The firm operates through the following product lines: Natuzzi Brand and Softaly/Private Label.