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

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

Natuzzi Price Performance

NTZ stock opened at $4.36 on Tuesday. The business’s 50-day simple moving average is $4.81 and its 200 day simple moving average is $4.50. Natuzzi has a twelve month low of $3.80 and a twelve month high of $6.49.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Natuzzi stock. Benjamin Edwards Inc. raised its holdings in shares of Natuzzi S.p.A. (NYSE:NTZ) by 4.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 131,050 shares of the company’s stock after acquiring an additional 5,988 shares during the period. Benjamin Edwards Inc. owned approximately 1.19% of Natuzzi worth $629,000 at the end of the most recent reporting period. 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.