Natuzzi (NYSE:NTZ) Earns Hold Rating from Analysts at StockNews.com

Stock analysts at StockNews.com initiated coverage on shares of Natuzzi (NYSE:NTZ) in a report released on Sunday. The firm set a “hold” rating on the stock.

Natuzzi Price Performance

NTZ opened at $4.61 on Friday. The company’s 50 day simple moving average is $4.34 and its two-hundred day simple moving average is $5.22. Natuzzi has a 1-year low of $3.90 and a 1-year high of $7.60.

Hedge Funds Weigh In On Natuzzi

An institutional investor recently raised its position in Natuzzi stock. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Natuzzi S.p.A. (NYSE:NTZ) by 2.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 121,262 shares of the company’s stock after acquiring an additional 2,450 shares during the period. Benjamin F. Edwards & Company Inc. owned 1.10% of Natuzzi worth $594,000 as of its most recent filing with the Securities & Exchange Commission. 6.07% of the stock is owned by 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.