Investment analysts at StockNews.com initiated coverage on shares of Natuzzi (NYSE:NTZ – Get Free Report) in a report released on Sunday. The brokerage set a “hold” rating on the stock.
Natuzzi Stock Performance
Shares of NTZ opened at $4.80 on Friday. The company has a 50 day moving average of $4.45 and a two-hundred day moving average of $4.40. Natuzzi has a twelve month low of $3.80 and a twelve month high of $6.51.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Natuzzi stock. Benjamin Edwards Inc. purchased a new position in shares of Natuzzi S.p.A. (NYSE:NTZ – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 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 filing with the Securities & Exchange Commission. 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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