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

Research analysts at StockNews.com began coverage on shares of Natuzzi (NYSE:NTZ) in a research note issued on Tuesday. The brokerage set a “hold” rating on the stock.

Natuzzi Trading Down 3.1 %

NYSE NTZ opened at $4.35 on Tuesday. The company has a 50 day moving average price of $4.29 and a two-hundred day moving average price of $5.07. Natuzzi has a 12-month low of $3.90 and a 12-month high of $7.30.

Hedge Funds Weigh In On Natuzzi

An institutional investor recently raised its position in Natuzzi stock. Benjamin F. Edwards & Company Inc. lifted its position in Natuzzi S.p.A. (NYSE:NTZ) by 2.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 121,262 shares of the company’s stock after buying an additional 2,450 shares during the quarter. Benjamin F. Edwards & Company Inc. owned about 1.10% of Natuzzi worth $594,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 6.07% of the company’s stock.

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.