StockNews.com began coverage on shares of Natuzzi (NYSE:NTZ – Free Report) in a research note issued to investors on Thursday. The firm issued a hold rating on the stock.
Natuzzi Stock Performance
NYSE:NTZ opened at $3.90 on Thursday. The stock’s 50 day moving average price is $4.21 and its 200 day moving average price is $4.88. Natuzzi has a 52 week low of $3.80 and a 52 week 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. raised its stake in shares of Natuzzi S.p.A. (NYSE:NTZ – Free Report) by 2.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 121,262 shares of the company’s stock after purchasing an additional 2,450 shares during the period. Benjamin F. Edwards & Company Inc. owned 1.10% of Natuzzi worth $594,000 as of its most recent SEC filing. 6.07% of the stock is owned by institutional investors and hedge funds.
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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