Investment analysts at StockNews.com initiated coverage on shares of Natuzzi (NYSE:NTZ – Get Free Report) in a research report issued on Saturday. The brokerage set a “hold” rating on the stock.
Natuzzi Trading Up 5.6 %
Natuzzi stock opened at $5.02 on Friday. The stock has a fifty day moving average price of $4.73 and a 200 day moving average price of $4.44. Natuzzi has a 52 week low of $3.80 and a 52 week high of $6.49.
Hedge Funds Weigh In On Natuzzi
A hedge fund recently bought a new stake in Natuzzi stock. Benjamin Edwards Inc. acquired a new position in Natuzzi S.p.A. (NYSE:NTZ – Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 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. 6.07% of the stock is currently owned by institutional investors and hedge funds.
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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