Equities research analysts at StockNews.com initiated coverage on shares of Natuzzi (NYSE:NTZ – Get Free Report) in a report issued on Sunday. The brokerage set a “hold” rating on the stock.
Natuzzi Stock Up 2.8 %
NYSE:NTZ opened at $4.45 on Friday. The stock’s fifty day moving average price is $4.56 and its two-hundred day moving average price is $4.55. Natuzzi has a 52-week low of $3.80 and a 52-week high of $6.43.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Natuzzi stock. Benjamin Edwards Inc. grew its stake in Natuzzi S.p.A. (NYSE:NTZ – Free Report) by 4.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 131,050 shares of the company’s stock after purchasing an additional 5,988 shares during the quarter. Benjamin Edwards Inc. owned about 1.19% of Natuzzi worth $629,000 at the end of the most recent reporting period. 6.07% of the stock is currently owned by 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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