Extremely important negative changes in investment behavior have recently occurred for Natuzzi SPA (NYSE: NTZ): negative upside/downside volume developed, and its shorter term price trend turned down.
Natuzzi SPA (NYSE: NTZ). Significant negative changes in fundamentals have recently occurred: the stock’s power rating fell below 50, and significant quarterly sales deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
NTZ is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Natuzzi SPA has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Natuzzi SPA has a neutral Appreciation Score of 46 and a neutral Power Rating of 43, triggering the Low Neutral Value Trend Rating.
Recent Price Action
Natuzzi SPA (NYSE: NTZ) stock closed at $6.25 on 2/29/24 after being unchanged was unchanged. However, trading volume in this flat performance was exceptionally low at 41% of normal. The stock has declined -1.1% during the last week and has been weak relative to the market over the last nine months.
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