StockNews.com started coverage on shares of Natuzzi (NYSE:NTZ – Free Report) in a research report sent to investors on Thursday morning. The brokerage issued a hold rating on the stock.
Natuzzi Price Performance
Shares of NTZ opened at $4.25 on Thursday. Natuzzi has a 52 week low of $3.80 and a 52 week high of $7.20. The business’s 50 day moving average price is $4.33 and its 200-day moving average price is $4.48.
Hedge Funds Weigh In On Natuzzi
An institutional investor recently bought a new position in Natuzzi stock. Benjamin Edwards Inc. bought a new position in Natuzzi S.p.A. (NYSE:NTZ – Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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 filing with the Securities and Exchange Commission (SEC). 6.07% of the stock is owned by 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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