StockNews.com initiated coverage on shares of Natuzzi (NYSE:NTZ – Free Report) in a report published on Saturday morning. The firm issued a hold rating on the stock.
Natuzzi Trading Up 5.6 %
Shares of NYSE NTZ opened at $5.02 on Friday. Natuzzi has a one year low of $3.80 and a one year high of $6.49. The firm’s 50 day simple moving average is $4.73 and its two-hundred day simple moving average is $4.44.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Natuzzi stock. Benjamin Edwards Inc. purchased a new stake in shares of Natuzzi S.p.A. (NYSE:NTZ – Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 125,062 shares of the company’s stock, valued at approximately $544,000. Benjamin Edwards Inc. owned about 1.13% of Natuzzi at the end of the most recent reporting period. 6.07% of the stock is owned by hedge funds and other institutional investors.
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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