Equities researchers at StockNews.com assumed coverage on shares of Natuzzi (NYSE:NTZ – Get Free Report) in a research report issued to clients and investors on Saturday. The firm set a “hold” rating on the stock.
Natuzzi Stock Performance
Shares of NYSE NTZ opened at $4.12 on Friday. Natuzzi has a 1 year low of $3.80 and a 1 year high of $7.20. The firm’s 50 day moving average price is $4.20 and its 200 day moving average price is $4.74.
Institutional Trading of Natuzzi
An institutional investor recently raised its position in Natuzzi stock. Benjamin F. Edwards & Company Inc. raised its stake in Natuzzi S.p.A. (NYSE:NTZ – Free Report) by 2.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 121,262 shares of the company’s stock after purchasing an additional 2,450 shares during the quarter. Benjamin F. Edwards & Company Inc. owned about 1.10% of Natuzzi worth $594,000 at the end of the most recent quarter. 6.07% of the stock is owned by hedge funds and other 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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