Natuzzi (NYSE:NTZ) Research Coverage Started at StockNews.com

by · The Markets Daily

StockNews.com initiated coverage on shares of Natuzzi (NYSE:NTZ – Free Report) in a research note published on Monday. The firm issued a hold rating on the stock.

Natuzzi Price Performance

NYSE NTZ opened at $3.80 on Monday. The business’s 50-day moving average price is $4.43 and its 200 day moving average price is $4.54. Natuzzi has a 52-week low of $3.64 and a 52-week high of $6.27.

Institutional Investors Weigh In On Natuzzi

A hedge fund recently raised its stake in Natuzzi stock. Benjamin Edwards Inc. grew its position in shares of Natuzzi S.p.A. (NYSE:NTZ – Free Report) by 4.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 131,050 shares of the company’s stock after buying an additional 5,988 shares during the quarter. Benjamin Edwards Inc. owned 1.19% of Natuzzi worth $629,000 as of its most recent filing with the SEC. 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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