StockNews.com initiated coverage on shares of Natuzzi (NYSE:NTZ – Free Report) in a research note issued to investors on Sunday. The brokerage issued a hold rating on the stock.
Natuzzi Trading Up 2.1 %
Natuzzi stock opened at $4.77 on Friday. The stock has a 50-day simple moving average of $4.46 and a 200 day simple moving average of $4.40. Natuzzi has a 52 week low of $3.80 and a 52 week high of $6.51.
Hedge Funds Weigh In On Natuzzi
A hedge fund recently bought a new stake in Natuzzi stock. Benjamin Edwards Inc. bought a new position in shares of Natuzzi S.p.A. (NYSE:NTZ – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 125,062 shares of the company’s stock, valued at approximately $544,000. Benjamin Edwards Inc. owned approximately 1.13% of Natuzzi as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds 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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