Stock analysts at StockNews.com initiated coverage on shares of Natuzzi (NYSE:NTZ – Get Free Report) in a research note issued on Friday. The brokerage set a “hold” rating on the stock.
Natuzzi Stock Performance
Shares of Natuzzi stock opened at $4.43 on Friday. The firm’s 50 day simple moving average is $4.34 and its two-hundred day simple moving average is $4.46. Natuzzi has a 12-month low of $3.80 and a 12-month high of $7.20.
Hedge Funds Weigh In On Natuzzi
An institutional investor recently bought a new position in Natuzzi stock. Benjamin Edwards Inc. acquired a new position in Natuzzi S.p.A. (NYSE:NTZ – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 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 owned by institutional investors.
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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