Analysts at StockNews.com assumed coverage on shares of Natuzzi (NYSE:NTZ – Get Rating) in a research report issued on Sunday. The brokerage set a “hold” rating on the stock.
Natuzzi Price Performance
NTZ stock opened at $6.75 on Friday. The business’s 50-day moving average is $5.81 and its two-hundred day moving average is $6.21. Natuzzi has a 1 year low of $4.40 and a 1 year high of $10.74. The firm has a market capitalization of $74.05 million, a P/E ratio of 10.38 and a beta of 1.59.
Institutional Investors Weigh In On Natuzzi
A number of hedge funds and other institutional investors have recently bought and sold shares of NTZ. Cambridge Investment Research Advisors Inc. raised its stake in shares of Natuzzi by 11.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 15,577 shares of the company’s stock worth $171,000 after buying an additional 1,577 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in Natuzzi by 1.8% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 146,676 shares of the company’s stock worth $1,128,000 after purchasing an additional 2,524 shares in the last quarter. Ieq Capital LLC purchased a new stake in Natuzzi in the 4th quarter valued at about $79,000. Finally, Titleist Asset Management LLC purchased a new stake in Natuzzi in the 1st quarter valued at about $75,000.
Natuzzi Company Profile
Natuzzi SpA engages in the design, production and marketing of contemporary and traditional leather and fabric upholstered furniture. Its products include sofas, armchairs, home furniture, and home accessories. The firm operates through the following product lines: Natuzzi Brand and Softaly/Private Label.
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