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

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

Natuzzi Trading Up 4.4 %

Shares of NYSE:NTZ opened at $4.94 on Wednesday. Natuzzi has a 12-month low of $3.80 and a 12-month high of $6.49. The stock has a fifty day simple moving average of $4.80 and a two-hundred day simple moving average of $4.53.

Institutional Trading of Natuzzi

An institutional investor recently raised its position in Natuzzi stock. Benjamin Edwards Inc. lifted its position in Natuzzi S.p.A. (NYSE:NTZ) by 4.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 131,050 shares of the company’s stock after buying an additional 5,988 shares during the period. Benjamin Edwards Inc. owned about 1.19% of Natuzzi worth $629,000 as of its most recent SEC filing. 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.