StockNews.com assumed coverage on shares of Natuzzi (NYSE:NTZ – Free Report) in a research note published on Sunday. The firm issued a hold rating on the stock.
Natuzzi Trading Down 4.5 %
Natuzzi stock opened at $4.14 on Friday. The stock has a fifty day moving average price of $4.55 and a two-hundred day moving average price of $4.54. Natuzzi has a 52-week low of $3.80 and a 52-week high of $6.43.
Hedge Funds Weigh In On Natuzzi
A hedge fund recently raised its stake in Natuzzi stock. Benjamin Edwards Inc. boosted its position in shares of Natuzzi S.p.A. (NYSE:NTZ – Free Report) by 4.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 131,050 shares of the company’s stock after purchasing an additional 5,988 shares during the period. Benjamin Edwards Inc. owned about 1.19% of Natuzzi worth $629,000 at the end of the most recent quarter. Institutional investors and hedge funds 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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