StockNews.com initiated coverage on shares of Natuzzi (NYSE:NTZ – Free Report) in a research note published on Tuesday morning. The brokerage issued a hold rating on the stock.
Natuzzi Stock Up 8.0 %
Shares of NTZ opened at $4.86 on Tuesday. Natuzzi has a 12 month low of $3.80 and a 12 month high of $7.20. The firm’s 50 day moving average is $4.22 and its 200-day moving average is $4.53.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Natuzzi stock. Benjamin Edwards Inc. acquired a new position in shares of Natuzzi S.p.A. (NYSE:NTZ – Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 125,062 shares of the company’s stock, valued at approximately $544,000. Benjamin Edwards Inc. owned approximately 1.13% of Natuzzi as of its most recent SEC filing. 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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