Natuzzi (NYSE:NTZ) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com started coverage on shares of Natuzzi (NYSE:NTZ) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the stock.

Natuzzi Stock Performance

NTZ stock opened at $4.00 on Monday. Natuzzi has a fifty-two week low of $3.80 and a fifty-two week high of $7.20. The business’s fifty day moving average price is $4.20 and its two-hundred day moving average price is $4.59.

Institutional Investors Weigh In On Natuzzi

A hedge fund recently bought a new stake in Natuzzi stock. Benjamin Edwards Inc. acquired a new stake in shares of Natuzzi S.p.A. (NYSE:NTZ) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 125,062 shares of the company’s stock, valued at approximately $544,000. Benjamin Edwards Inc. owned approximately 1.13% of Natuzzi at the end of the most recent reporting period. 6.07% of the stock is currently owned by hedge funds and other institutional investors.

Natuzzi Company Profile

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.