StockNews.com began coverage on shares of Natuzzi (NYSE:NTZ – Get Rating) in a report published on Monday. The brokerage issued a hold rating on the stock.
Natuzzi Stock Performance
Shares of NTZ opened at $7.75 on Monday. The business's 50-day moving average is $6.59 and its two-hundred day moving average is $6.97. The company has a market capitalization of $85.04 million, a P/E ratio of 11.93 and a beta of 1.62. Natuzzi has a fifty-two week low of $4.40 and a fifty-two week high of $14.00.
Get Natuzzi alerts:Natuzzi (NYSE:NTZ – Get Rating) last announced its quarterly earnings results on Friday, November 25th. The company reported $0.50 earnings per share for the quarter. The company had revenue of $117.52 million for the quarter. Natuzzi had a return on equity of 7.10% and a net margin of 1.42%.
Hedge Funds Weigh In On Natuzzi
A hedge fund recently raised its stake in Natuzzi stock. Cambridge Investment Research Advisors Inc. lifted its holdings in Natuzzi S.p.A. (NYSE:NTZ – Get Rating) by 11.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,577 shares of the company's stock after purchasing an additional 1,577 shares during the period. Cambridge Investment Research Advisors Inc. owned about 0.14% of Natuzzi worth $171,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 16.70% of the company's stock.About Natuzzi
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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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