StockNews.com assumed coverage on shares of Natuzzi (NYSE:NTZ – Get Free Report) in a research note issued on Thursday. The firm set a “hold” rating on the stock.
Natuzzi Stock Performance
NTZ stock opened at $3.81 on Thursday. Natuzzi has a 52 week low of $3.81 and a 52 week high of $7.20. The firm’s 50-day moving average is $4.23 and its two-hundred day moving average is $4.91.
Institutional Trading of Natuzzi
A hedge fund recently raised its stake in Natuzzi stock. Benjamin F. Edwards & Company Inc. lifted its position in Natuzzi S.p.A. (NYSE:NTZ – Free Report) by 2.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 121,262 shares of the company’s stock after acquiring an additional 2,450 shares during the period. Benjamin F. Edwards & Company Inc. owned about 1.10% of Natuzzi worth $594,000 as of its most recent SEC filing. 6.07% of the stock is currently owned by institutional investors and hedge funds.
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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