StockNews.com assumed coverage on shares of Natuzzi (NYSE:NTZ - Free Report) in a research report sent to investors on Sunday. The firm issued a hold rating on the stock.
Natuzzi Trading Down 3.4 %
Shares of NYSE NTZ traded down $0.17 during midday trading on Friday, hitting $4.76. 1,500 shares of the stock traded hands, compared to its average volume of 6,226. Natuzzi has a one year low of $3.80 and a one year high of $6.49. The business has a 50 day moving average price of $4.81 and a two-hundred day moving average price of $4.47.
Hedge Funds Weigh In On Natuzzi
An institutional investor recently bought a new position in Natuzzi stock. Benjamin Edwards Inc. acquired a new stake in shares of Natuzzi S.p.A. (NYSE:NTZ - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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. Hedge funds and other institutional investors own 6.07% of the company's stock.
About Natuzzi
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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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