StockNews.com initiated coverage on shares of Natuzzi (NYSE:NTZ – Free Report) in a research note published on Wednesday. The brokerage issued a hold rating on the stock.
Natuzzi Trading Up 2.3 %
Shares of NYSE NTZ opened at $5.07 on Wednesday. Natuzzi has a fifty-two week low of $3.80 and a fifty-two week high of $7.20. The business’s 50 day moving average price is $4.30 and its 200-day moving average price is $4.51.
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) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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.
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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