StockNews.com started coverage on shares of Natuzzi (NYSE:NTZ – Free Report) in a report released on Sunday. The brokerage issued a hold rating on the stock.
Natuzzi Stock Performance
Shares of NYSE:NTZ opened at $4.77 on Friday. The firm has a 50 day moving average of $4.46 and a 200-day moving average of $4.40. Natuzzi has a 12 month low of $3.80 and a 12 month high of $6.51.
Institutional Investors Weigh In On Natuzzi
An institutional investor recently bought a new position in Natuzzi stock. Benjamin Edwards Inc. bought a new stake in Natuzzi S.p.A. (NYSE:NTZ – Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 125,062 shares of the company’s stock, valued at approximately $544,000. Benjamin Edwards Inc. owned about 1.13% of Natuzzi as of its most recent SEC filing. 6.07% of the stock is currently 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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