StockNews.com assumed coverage on shares of Natuzzi (NYSE:NTZ – Free Report) in a research report sent to investors on Friday morning. The firm issued a hold rating on the stock.
Natuzzi Stock Down 7.4 %
NTZ opened at $4.10 on Friday. Natuzzi has a 12-month low of $3.80 and a 12-month high of $7.12. The firm’s fifty day moving average price is $4.34 and its 200 day moving average price is $4.44.
Hedge Funds Weigh In On Natuzzi
A hedge fund recently raised its stake 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% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 about 1.10% of Natuzzi worth $594,000 at the end of the most recent quarter. Hedge funds and other institutional investors 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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