StockNews.com Initiates Coverage on Natuzzi (NYSE:NTZ)

Investment analysts at StockNews.com began coverage on shares of Natuzzi (NYSE:NTZ) in a research report issued on Tuesday. The brokerage set a “hold” rating on the stock.

Natuzzi Stock Performance

Shares of NYSE:NTZ opened at $4.83 on Tuesday. The company’s 50 day moving average price is $4.60 and its two-hundred day moving average price is $4.39. Natuzzi has a 12-month low of $3.80 and a 12-month high of $6.50.

Hedge Funds Weigh In On Natuzzi

Hedge funds and other institutional investors have recently modified their holdings of the business. Benjamin Edwards Inc. bought a new position in Natuzzi during the 3rd quarter worth $544,000. Benjamin F. Edwards & Company Inc. increased its position in shares of Natuzzi by 2.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 121,262 shares of the company’s stock worth $594,000 after buying an additional 2,450 shares during the period. Finally, Kanen Wealth Management LLC raised its stake in Natuzzi by 2.1% during the fourth quarter. Kanen Wealth Management LLC now owns 1,666,246 shares of the company’s stock worth $7,998,000 after buying an additional 34,086 shares during the last quarter. Institutional investors own 6.07% of the company’s stock.

About Natuzzi

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.