Investment analysts at StockNews.com assumed coverage on shares of Natuzzi (NYSE:NTZ – Get Free Report) in a research note issued on Saturday. The brokerage set a “hold” rating on the stock.
Natuzzi Stock Performance
NYSE:NTZ opened at $4.12 on Friday. The firm’s fifty day simple moving average is $4.20 and its 200 day simple moving average is $4.74. Natuzzi has a twelve month low of $3.80 and a twelve month high of $7.20.
Hedge Funds Weigh In On Natuzzi
An institutional investor recently raised its position in Natuzzi stock. Benjamin F. Edwards & Company Inc. increased its position in shares of Natuzzi S.p.A. (NYSE:NTZ – Free Report) by 2.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 121,262 shares of the company’s stock after buying an additional 2,450 shares during the period. Benjamin F. Edwards & Company Inc. owned about 1.10% of Natuzzi worth $594,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 6.07% of the company’s stock.
Natuzzi Company Profile
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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