Natuzzi (NYSE:NTZ) Now Covered by StockNews.com

StockNews.com started coverage on shares of Natuzzi (NYSE:NTZ) in a report released on Friday. The firm issued a hold rating on the stock.

Natuzzi Trading Down 1.5 %

Shares of NYSE NTZ opened at $4.83 on Friday. Natuzzi has a one year low of $3.80 and a one year high of $6.49. The firm’s 50 day simple moving average is $4.71 and its two-hundred day simple moving average is $4.43.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Natuzzi stock. Kanen Wealth Management LLC lifted its position in Natuzzi S.p.A. (NYSE:NTZ) by 2.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,666,246 shares of the company’s stock after purchasing an additional 34,086 shares during the period. Natuzzi comprises approximately 3.0% of Kanen Wealth Management LLC’s portfolio, making the stock its 10th biggest holding. Kanen Wealth Management LLC’s holdings in Natuzzi were worth $7,998,000 at the end of the most recent reporting period. 6.07% of the stock is owned by hedge funds and other institutional investors.

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.