Research coverage of Natuzzi (NYSE:NTZ) began at StockNews.com

StockNews.com has begun coverage of the stock Natuzzi (NYSE:NTZ – Free Report) in a report published Thursday. The brokerage has issued a hold rating on the stock.

Performance Price Natuzzi

Shares of Natuzzi stock opened at $4.10 on Thursday. Natuzzi has a fifty-two week low of $4.00 and a fifty-two week high of $7.60. The company has a 50-day moving average price of $4.60 and a 200-day moving average price of $5.47.

Hedge funds are weighing on Natuzzi

A hedge fund recently increased its stake in Natuzzi. Benjamin F. Edwards & Company Inc. raised its stake in shares of Natuzzi SpA (NYSE:NTZ – Free Report) by 2.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 about 1.10% of Natuzzi worth $594,000 as of its most recent SEC filing. Institutional investors and hedge funds own 6.07% of the company’s shares.

About Natuzzi

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Natuzzi SpA engages in the design, manufacture and marketing of leather and fabric upholstered furniture through owned and franchised stores in the United States, Italy, China, Brazil, Spain, Mexico, Canada, Australia, Belgium, United Arab Emirates, South. Korea, Israel, Taiwan, United Kingdom and internationally.

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