StockNews.com initiated coverage on shares of Natuzzi (NYSE:NTZ – Free Report) in a research note released on Wednesday. The brokerage issued a hold rating on the stock.
Natuzzi Price Performance
NYSE NTZ opened at $4.90 on Wednesday. Natuzzi has a 12 month low of $3.80 and a 12 month high of $6.50. The stock’s fifty day moving average price is $4.69 and its 200-day moving average price is $4.41.
Institutional Investors Weigh In On Natuzzi
A hedge fund recently bought a new stake in Natuzzi stock. Benjamin Edwards Inc. purchased a new position in Natuzzi S.p.A. (NYSE:NTZ – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 125,062 shares of the company’s stock, valued at approximately $544,000. Benjamin Edwards Inc. owned 1.13% of Natuzzi as of its most recent SEC filing. 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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