Natuzzi (NYSE:NTZ) Research Coverage Started at StockNews.com

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

Natuzzi Trading Up 4.4 %

Shares of Natuzzi stock opened at $4.96 on Friday. The company has a 50-day simple moving average of $4.74 and a 200 day simple moving average of $4.45. Natuzzi has a 12-month low of $3.80 and a 12-month high of $6.49.

Institutional Investors Weigh In On Natuzzi

A hedge fund recently raised its stake in Natuzzi stock. Benjamin Edwards Inc. raised its stake in Natuzzi S.p.A. (NYSE:NTZ) by 4.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 131,050 shares of the company’s stock after acquiring an additional 5,988 shares during the quarter. Benjamin Edwards Inc. owned about 1.19% of Natuzzi worth $629,000 as of its most recent filing with the Securities and Exchange Commission. 6.07% of the stock is currently 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.