Natuzzi (NYSE:NTZ) Coverage Initiated by Analysts at StockNews.com

by · The Markets Daily

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

Natuzzi Trading Up 11.5 %

NTZ stock opened at $4.45 on Friday. Natuzzi has a 52 week low of $3.80 and a 52 week high of $7.20. The company has a fifty day simple moving average of $4.19 and a two-hundred day simple moving average of $4.81.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Natuzzi stock. Benjamin F. Edwards & Company Inc. grew its stake in shares of Natuzzi S.p.A. (NYSE:NTZ – Free Report) by 2.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 121,262 shares of the company’s stock after purchasing an additional 2,450 shares during the quarter. Benjamin F. Edwards & Company Inc. owned approximately 1.10% of Natuzzi worth $594,000 at the end of the most recent quarter. 6.07% of the stock is owned by hedge funds and other institutional investors.

Natuzzi Company Profile

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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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