StockNews.com started coverage on shares of Natuzzi (NYSE:NTZ – Free Report) in a report issued on Wednesday morning. The firm issued a hold rating on the stock.
Natuzzi Stock Performance
Natuzzi stock opened at $4.24 on Wednesday. Natuzzi has a fifty-two week low of $4.10 and a fifty-two week high of $7.60. The company’s 50-day moving average is $4.68 and its 200-day moving average is $5.53.
Institutional Trading of Natuzzi
A hedge fund recently raised its stake in Natuzzi stock. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Natuzzi S.p.A. (NYSE:NTZ – Free Report) by 2.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 121,262 shares of the company’s stock after purchasing an additional 2,450 shares during the quarter. Benjamin F. Edwards & Company Inc. owned approximately 1.10% of Natuzzi worth $594,000 at the end of the most recent reporting period. 6.07% of the stock is currently owned by hedge funds and other institutional investors.
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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