What Will Happen to Natuzzi S.p.A. (NTZ) Next? The Stock Just Reaches All-Time Low

Natuzzi S.p.A. (NYSE:NTZ) Logo

The stock of Natuzzi S.p.A. (NYSE:NTZ) reached all time low today, Aug, 15 and still has $1.29 target or 3.00 % below today’s $1.33 share price. This indicates more downside for the $14.59 million company. This technical setup was reported by Barchart.com. If the $1.29 PT is reached, the company will be worth $437,730 less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only.

The stock decreased 3.62% or $0.05 during the last trading session, reaching $1.33. About 15,457 shares traded or 2.30% up from the average. Natuzzi S.p.A. (NYSE:NTZ) has declined 77.47% since August 15, 2018 and is downtrending. It has underperformed by 77.47% the S&P500.

More notable recent Natuzzi S.p.A. (NYSE:NTZ) news were published by: Seekingalpha.com which released: “Natuzzi S.P.A.: Worst-Case Scenario – A Great Upside – Seeking Alpha” on August 12, 2019, also Benzinga.com with their article: “List of Companies Reaching Yearly Lows Tuesday – Benzinga” published on July 23, 2019, Benzinga.com published: “Earnings Scheduled For April 10, 2019 – Benzinga” on April 10, 2019. More interesting news about Natuzzi S.p.A. (NYSE:NTZ) were released by: Seekingalpha.com and their article: “Natuzzi S.p.A. (NTZ) CEO Pasquale Natuzzi on Q3 2018 Results – Earnings Call Transcript – Seeking Alpha” published on December 03, 2018 as well as Seekingalpha.com‘s news article titled: “Bet On Italy’s Political Deadlock With These 4 Stocks – Seeking Alpha” with publication date: May 02, 2018.

Natuzzi S.p.A. designs, manufactures, and markets leather and fabric upholstered furniture worldwide. The company has market cap of $14.59 million. The Company’s 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. It has a 2.98 P/E ratio. The firm sells its products primarily under the Natuzzi Italia, Natuzzi Re-vive, Natuzzi Editions, and Softaly brand names.

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