StockNews.com initiated coverage on shares of Natuzzi (NYSE:NTZ – Free Report) in a research report released on Tuesday. The firm issued a hold rating on the stock.
Natuzzi Price Performance
Shares of Natuzzi stock opened at $4.66 on Tuesday. The firm has a 50-day moving average of $4.79 and a 200-day moving average of $4.51. Natuzzi has a 52-week low of $3.80 and a 52-week 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 holdings in Natuzzi S.p.A. (NYSE:NTZ – Free Report) by 4.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 131,050 shares of the company’s stock after acquiring an additional 5,988 shares during the period. Benjamin Edwards Inc. owned approximately 1.19% of Natuzzi worth $629,000 as of its most recent filing with the SEC. Institutional investors 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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