Stock analysts at StockNews.com started 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 Price Performance
Shares of NYSE NTZ opened at $4.50 on Friday. Natuzzi has a 52 week low of $3.90 and a 52 week high of $7.60. The stock has a 50 day moving average price of $4.34 and a 200 day moving average price of $5.22.
Institutional Investors Weigh In On Natuzzi
A hedge fund recently raised its stake in Natuzzi stock. Benjamin F. Edwards & Company Inc. raised its position in Natuzzi S.p.A. (NYSE:NTZ – Free Report) by 2.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,262 shares of the company’s stock after buying an additional 2,450 shares during the quarter. Benjamin F. Edwards & Company Inc. owned 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.
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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