Investment analysts at StockNews.com initiated coverage on shares of Natuzzi (NYSE:NTZ – Get Free Report) in a note issued to investors on Monday. The firm set a “hold” rating on the stock.
Natuzzi Stock Down 3.9 %
Shares of Natuzzi stock opened at $4.68 on Monday. Natuzzi has a 52-week low of $3.80 and a 52-week high of $6.50. The company has a 50-day simple moving average of $4.49 and a two-hundred day simple moving average of $4.39.
Institutional Trading of Natuzzi
A hedge fund recently bought a new stake in Natuzzi stock. Benjamin Edwards Inc. purchased a new position in Natuzzi S.p.A. (NYSE:NTZ – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 125,062 shares of the company’s stock, valued at approximately $544,000. Benjamin Edwards Inc. owned 1.13% of Natuzzi at the end of the most recent reporting period. Hedge funds and other 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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