StockNews.com started coverage on shares of Natuzzi (NYSE:NTZ – Free Report) in a research report report published on Friday. The brokerage issued a hold rating on the stock.
Natuzzi Stock Down 7.4 %
NYSE NTZ opened at $4.10 on Friday. Natuzzi has a one year low of $3.80 and a one year high of $7.12. The company has a 50-day simple moving average of $4.34 and a 200-day simple moving average of $4.44.
Hedge Funds Weigh In On Natuzzi
A hedge fund recently raised its stake in Natuzzi stock. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Natuzzi S.p.A. (NYSE:NTZ – Free Report) by 2.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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. Institutional investors and hedge funds 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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