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

Equities researchers at StockNews.com initiated coverage on shares of Natuzzi (NYSE:NTZ) in a report released on Wednesday. The brokerage set a “hold” rating on the stock.

Natuzzi Stock Performance

NTZ stock opened at $4.92 on Wednesday. Natuzzi has a 1-year low of $3.80 and a 1-year high of $6.43. The business has a 50 day simple moving average of $4.81 and a two-hundred day simple moving average of $4.53.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Natuzzi stock. Benjamin Edwards Inc. lifted its holdings in Natuzzi S.p.A. (NYSE:NTZ) by 4.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 131,050 shares of the company’s stock after buying an additional 5,988 shares during the period. Benjamin Edwards Inc. owned about 1.19% of Natuzzi worth $629,000 at the end of the most recent reporting period. 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.