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

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

Natuzzi Stock Performance

Shares of NYSE NTZ opened at $4.95 on Tuesday. Natuzzi has a fifty-two week low of $3.80 and a fifty-two week high of $6.50. The company’s 50 day simple moving average is $4.57 and its 200 day simple moving average is $4.39.

Hedge Funds Weigh In On Natuzzi

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Benjamin Edwards Inc. acquired a new stake in Natuzzi in the third quarter worth $544,000. Benjamin F. Edwards & Company Inc. lifted its holdings in Natuzzi by 2.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 121,262 shares of the company’s stock worth $594,000 after acquiring an additional 2,450 shares in the last quarter. Finally, Kanen Wealth Management LLC grew its stake in Natuzzi by 2.1% in the fourth quarter. Kanen Wealth Management LLC now owns 1,666,246 shares of the company’s stock valued at $7,998,000 after acquiring an additional 34,086 shares during the period. 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.