Natuzzi (NYSE:NTZ) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com started coverage on shares of Natuzzi (NYSE:NTZ) in a research report issued to clients and investors on Tuesday. The firm set a “hold” rating on the stock.

Natuzzi Stock Up 1.9 %

Natuzzi stock opened at $4.59 on Tuesday. Natuzzi has a fifty-two week low of $3.80 and a fifty-two week high of $6.49. The company has a 50 day moving average price of $4.80 and a 200-day moving average price of $4.51.

Hedge Funds Weigh In On Natuzzi

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

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.