StockNews.com started coverage on shares of Natuzzi (NYSE:NTZ – Free Report) in a research note published on Saturday. The brokerage issued a hold rating on the stock.
Natuzzi Stock Down 3.6 %
Shares of Natuzzi stock opened at $4.28 on Friday. The company has a 50-day moving average of $4.39 and a two-hundred day moving average of $4.41. Natuzzi has a 12-month low of $3.80 and a 12-month high of $6.77.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Natuzzi stock. Benjamin Edwards Inc. acquired a new stake in Natuzzi S.p.A. (NYSE:NTZ – Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 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 quarter. 6.07% of the stock is currently 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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