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

Research analysts at StockNews.com initiated coverage on shares of Natuzzi (NYSE:NTZ) in a research note issued to investors on Sunday. The firm set a “hold” rating on the stock.

Natuzzi Stock Performance

NTZ stock opened at $4.80 on Friday. Natuzzi has a 1-year low of $3.80 and a 1-year high of $6.51. The business has a 50-day moving average price of $4.45 and a 200 day moving average price of $4.40.

Institutional Trading of Natuzzi

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

Natuzzi Company Profile

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.