StockNews.com Begins Coverage on Natuzzi (NYSE:NTZ)

StockNews.com assumed coverage on shares of Natuzzi (NYSE:NTZGet Free Report) in a research report issued to clients and investors on Tuesday. The firm set a “hold” rating on the stock.

Natuzzi Stock Performance

NYSE:NTZ opened at $4.70 on Tuesday. Natuzzi has a 12-month low of $3.80 and a 12-month high of $7.20. The company’s 50-day moving average is $4.23 and its two-hundred day moving average is $4.53.

Institutional Trading of Natuzzi

A hedge fund recently bought a new stake in Natuzzi stock. Benjamin Edwards Inc. acquired a new position in shares of Natuzzi S.p.A. (NYSE:NTZFree Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 125,062 shares of the company’s stock, valued at approximately $544,000. Benjamin Edwards Inc. owned about 1.13% of Natuzzi as of its most recent SEC filing. 6.07% of the stock is owned by hedge funds and other institutional investors.

Natuzzi Company Profile

(Get Free Report)

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.

Further Reading

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