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

StockNews.com initiated coverage on shares of Natuzzi (NYSE:NTZ) in a report released on Wednesday morning. The brokerage issued a hold rating on the stock.

Natuzzi Price Performance

Shares of NYSE:NTZ opened at $4.90 on Wednesday. Natuzzi has a 52 week low of $3.80 and a 52 week high of $7.20. The firm has a fifty day simple moving average of $4.27 and a two-hundred day simple moving average of $4.51.

Institutional Investors Weigh In On Natuzzi

A hedge fund recently raised its stake in Natuzzi stock. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Natuzzi S.p.A. (NYSE:NTZ) by 2.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 approximately 1.10% of Natuzzi worth $594,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.