Equities researchers at StockNews.com initiated coverage on shares of Natuzzi (NYSE:NTZ – Get Free Report) in a report released on Saturday. The firm set a “hold” rating on the stock.
Natuzzi Stock Performance
Natuzzi stock opened at $4.06 on Friday. Natuzzi has a 12 month low of $3.90 and a 12 month high of $7.60. The business has a 50 day simple moving average of $4.41 and a 200-day simple moving average of $5.30.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Natuzzi stock. Benjamin F. Edwards & Company Inc. boosted its holdings in Natuzzi S.p.A. (NYSE:NTZ – Free Report) by 2.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 121,262 shares of the company’s stock after acquiring an additional 2,450 shares during the quarter. Benjamin F. Edwards & Company Inc. owned about 1.10% of Natuzzi worth $594,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 6.07% of the company’s stock.
About Natuzzi
Natuzzi S.p.A. engages in the design, manufacture, and marketing of leather and fabric upholstered furniture through its own and franchised stores in the United States, Italy, China, Brazil, Spain, Mexico, Canada, Australia, Belgium, the United Arab Emirates, South Korea, Israel, Taiwan, the United Kingdom, and internationally.
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