StockNews.com initiated coverage on shares of Natuzzi (NYSE:NTZ – Free Report) in a research note released on Tuesday morning. The brokerage issued a hold rating on the stock.
Natuzzi Price Performance
Shares of NTZ stock opened at $4.70 on Tuesday. Natuzzi has a 12-month low of $3.80 and a 12-month high of $7.20. The firm has a fifty day moving average of $4.23 and a 200-day moving average of $4.53.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Natuzzi stock. Benjamin Edwards Inc. purchased a new position in shares of Natuzzi S.p.A. (NYSE:NTZ – Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 125,062 shares of the company’s stock, valued at approximately $544,000. Benjamin Edwards Inc. owned about 1.13% of Natuzzi as of its most recent SEC filing. Hedge funds and other institutional investors own 6.07% of the company’s stock.
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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