StockNews.com began coverage on shares of Natuzzi (NYSE:NTZ – Free Report) in a research note published on Saturday. The firm issued a hold rating on the stock.
Natuzzi Price Performance
NYSE NTZ opened at $4.00 on Friday. Natuzzi has a 52-week low of $3.90 and a 52-week high of $7.60. The business has a 50 day simple moving average of $4.39 and a 200 day simple moving average of $5.28.
Hedge Funds Weigh In On Natuzzi
A hedge fund recently raised its stake in Natuzzi stock. Benjamin F. Edwards & Company Inc. increased 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 disclosure with the SEC. The institutional investor owned 121,262 shares of the company’s stock after buying an additional 2,450 shares during the quarter. 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.
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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