Investment analysts at StockNews.com started coverage on shares of Natuzzi (NYSE:NTZ – Get Free Report) in a report issued on Tuesday. The brokerage set a “hold” rating on the stock.
Natuzzi Price Performance
Shares of NTZ stock opened at $4.28 on Tuesday. The stock has a 50-day moving average of $4.29 and a 200-day moving average of $5.06. Natuzzi has a 1-year low of $3.90 and a 1-year high of $7.20.
Institutional Investors Weigh In On Natuzzi
A hedge fund recently raised its stake in Natuzzi stock. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Natuzzi S.p.A. (NYSE:NTZ – Free Report) by 2.1% in the 2nd quarter, according to its most recent disclosure 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 period. Benjamin F. Edwards & Company Inc. owned approximately 1.10% of Natuzzi worth $594,000 at the end of the most recent quarter. 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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