StockNews.com began coverage on shares of Natuzzi (NYSE:NTZ – Free Report) in a research note published on Sunday morning. The brokerage issued a hold rating on the stock.
Natuzzi Price Performance
Shares of NTZ stock opened at $4.45 on Friday. The business has a 50 day simple moving average of $4.33 and a 200 day simple moving average of $5.19. Natuzzi has a 12-month low of $3.90 and a 12-month high of $7.60.
Hedge Funds Weigh In On Natuzzi
An institutional investor recently raised its position in Natuzzi stock. Benjamin F. Edwards & Company Inc. raised its position in shares of Natuzzi S.p.A. (NYSE:NTZ – Free Report) by 2.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 SEC filing. 6.07% of the stock is owned by institutional investors.
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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