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

Analysts at StockNews.com started coverage on shares of Natuzzi (NYSE:NTZ) in a research report issued on Thursday. The brokerage set a “hold” rating on the stock.

Natuzzi Price Performance

Shares of NYSE NTZ opened at $3.90 on Thursday. The stock has a fifty day simple moving average of $4.21 and a two-hundred day simple moving average of $4.89. Natuzzi has a 1-year low of $3.80 and a 1-year high of $7.20.

Hedge Funds Weigh In On Natuzzi

An institutional investor recently raised its position in Natuzzi stock. Benjamin F. Edwards & Company Inc. boosted its holdings in 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. The institutional investor owned 121,262 shares of the company’s stock after buying an additional 2,450 shares during the period. Benjamin F. Edwards & Company Inc. owned approximately 1.10% of Natuzzi worth $594,000 as of its most recent filing with the Securities and Exchange Commission. 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.