StockNews.com assumed coverage on shares of Natuzzi (NYSE:NTZ – Free Report) in a research note issued to investors on Thursday. The brokerage issued a hold rating on the stock.
Natuzzi Stock Performance
NTZ stock opened at $3.90 on Thursday. Natuzzi has a twelve month low of $3.80 and a twelve month high of $7.20. The business has a 50 day moving average price of $4.21 and a two-hundred day moving average price of $4.88.
Hedge Funds Weigh In On Natuzzi
A hedge fund recently raised its stake in Natuzzi stock. Benjamin F. Edwards & Company Inc. grew its position in Natuzzi S.p.A. (NYSE:NTZ – Free Report) by 2.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent quarter. 6.07% of the stock is owned by institutional investors and hedge funds.
Natuzzi Company Profile
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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