StockNews.com began coverage on shares of Natuzzi (NYSE:NTZ – Free Report) in a report published on Tuesday. The brokerage issued a hold rating on the stock.
Natuzzi Trading Up 2.8 %
NYSE:NTZ opened at $4.40 on Tuesday. Natuzzi has a fifty-two week low of $3.90 and a fifty-two week high of $7.20. The stock has a fifty day moving average price of $4.28 and a 200-day moving average price of $5.05.
Hedge Funds Weigh In On Natuzzi
A hedge fund recently raised its stake in Natuzzi stock. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Natuzzi S.p.A. (NYSE:NTZ – Free Report) by 2.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 1.10% of Natuzzi worth $594,000 at the end of the most recent quarter. 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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