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Tuesday, September 29, 2020

Natuzzi S.p.A. (NYSE:NTZ) Stock is Soaring, Here is Why

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The Natuzzi S.p.A. (NTZ) shares are trading at higher $1.77.

To add more color to this target, the company’s high over the last year is $2.13 and the low is $0.37. Over the last 52 weeks, NTZ is down -16.90% while the S&P 500 is down -0.64%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, NTZ reported a profit of $31.11 million. Natuzzi S.p.A. also saw revenues increase to $91.01 million. In addition, NTZ has free cash flow of $2.54 million as of 03-2020. The company’s EBITDA came in at -$5.41 million which compares well with its peers.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. NTZ has a short ratio of 0.00 and outstanding shares of 11.00M.

Company Outlook

NTZ has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 8.72 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -3.87. Natuzzi S.p.A. NTZ also noted assets of $383.47 million at the end of the last quarter. Investors should also keep an eye on sector updates as NTZ has historically followed its peers on positive news.

All told, Natuzzi S.p.A. NTZ has strung together solid data and demonstrated underlying fundamentals. At its current valuation, NTZ represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Natuzzi S.p.A. NTZ is now commanding a market cap of 12.60M and a float of 0.96M. NTZ is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of NTZ stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in NTZ, either long or short, and we have not been compensated for this article.

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