Equities researchers at StockNews.com initiated coverage on shares of Natuzzi (NYSE:NTZ – Get Free Report) in a report issued on Friday. The firm set a “hold” rating on the stock.
Natuzzi Price Performance
NTZ opened at $3.99 on Friday. Natuzzi has a 12-month low of $3.80 and a 12-month high of $7.20. The business’s fifty day simple moving average is $4.19 and its 200-day simple moving average is $4.82.
Institutional Investors Weigh In On Natuzzi
An institutional investor recently raised its position in Natuzzi stock. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Natuzzi S.p.A. (NYSE:NTZ – Free Report) by 2.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 121,262 shares of the company’s stock after buying an additional 2,450 shares during the quarter. Benjamin F. Edwards & Company Inc. owned approximately 1.10% of Natuzzi worth $594,000 as of its most recent SEC filing. 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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