Equities researchers at StockNews.com started coverage on shares of Natuzzi (NYSE:NTZ – Get Free Report) in a research report issued to clients and investors on Sunday. The brokerage set a “hold” rating on the stock.
Natuzzi Price Performance
Shares of NTZ opened at $4.78 on Friday. The company’s 50-day simple moving average is $4.80 and its 200-day simple moving average is $4.47. Natuzzi has a 1 year low of $3.80 and a 1 year high of $6.49.
Hedge Funds Weigh In On Natuzzi
A hedge fund recently raised its stake in Natuzzi stock. Benjamin Edwards Inc. lifted its stake in Natuzzi S.p.A. (NYSE:NTZ – Free Report) by 4.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 131,050 shares of the company’s stock after purchasing an additional 5,988 shares during the period. Benjamin Edwards Inc. owned about 1.19% of Natuzzi worth $629,000 at the end of the most recent quarter. 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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