StockNews.com initiated coverage on shares of Natuzzi (NYSE:NTZ – Get Free Report) in a research report issued to clients and investors on Wednesday. The brokerage set a “hold” rating on the stock.
Natuzzi Stock Up 2.0 %
NTZ opened at $5.00 on Wednesday. Natuzzi has a twelve month low of $3.80 and a twelve month high of $6.50. The company has a 50-day simple moving average of $4.68 and a 200 day simple moving average of $4.41.
Hedge Funds Weigh In On Natuzzi
An institutional investor recently bought a new position in Natuzzi stock. Benjamin Edwards Inc. acquired a new stake in Natuzzi S.p.A. (NYSE:NTZ – Free Report) during the 3rd quarter, according to its most recent disclosure 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 approximately 1.13% of Natuzzi as of its most recent SEC filing. Institutional investors 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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