StockNews.com initiated coverage on shares of Natuzzi (NYSE:NTZ – Free Report) in a research note issued to investors on Wednesday morning. The firm issued a hold rating on the stock.
Natuzzi Stock Down 2.0 %
NYSE NTZ opened at $4.90 on Wednesday. Natuzzi has a 52 week low of $3.80 and a 52 week high of $6.50. The company has a fifty day moving average of $4.69 and a two-hundred day moving average of $4.41.
Institutional Investors Weigh In On Natuzzi
A hedge fund recently bought a new stake in Natuzzi stock. Benjamin Edwards Inc. bought a new position in Natuzzi S.p.A. (NYSE:NTZ – Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 125,062 shares of the company’s stock, valued at approximately $544,000. Benjamin Edwards Inc. owned approximately 1.13% of Natuzzi at the end of the most recent reporting period. 6.07% of the stock is currently 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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