StockNews.com assumed coverage on shares of Natuzzi (NYSE:NTZ – Free Report) in a report published on Saturday. The firm issued a hold rating on the stock.
Natuzzi Stock Performance
Shares of Natuzzi stock opened at $4.20 on Friday. The business has a 50-day moving average price of $4.21 and a two-hundred day moving average price of $4.72. Natuzzi has a 1-year low of $3.80 and a 1-year high of $7.20.
Hedge Funds Weigh In On Natuzzi
A hedge fund recently raised its stake in Natuzzi stock. Benjamin F. Edwards & Company Inc. increased its position in Natuzzi S.p.A. (NYSE:NTZ – Free Report) by 2.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 as of its most recent filing with the Securities & Exchange Commission. 6.07% of the stock is currently owned by institutional investors and hedge funds.
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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