StockNews.com initiated coverage on shares of Natuzzi (NYSE:NTZ – Get Free Report) in a research report issued on Sunday. The firm set a “hold” rating on the stock.
Natuzzi Stock Down 1.2 %
Shares of NYSE NTZ opened at $4.04 on Friday. The firm’s 50-day moving average is $4.20 and its two-hundred day moving average is $4.65. Natuzzi has a 12-month low of $3.80 and a 12-month high of $7.20.
Hedge Funds Weigh In On Natuzzi
A hedge fund recently raised its stake in Natuzzi stock. Benjamin F. Edwards & Company Inc. boosted its position in Natuzzi S.p.A. (NYSE:NTZ – Free Report) by 2.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 121,262 shares of the company’s stock after purchasing 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 Securities and Exchange Commission. 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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