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

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

Natuzzi Stock Up 4.0 %

Shares of NTZ stock opened at $4.50 on Tuesday. The stock’s fifty day simple moving average is $4.22 and its 200 day simple moving average is $4.53. Natuzzi has a one year low of $3.80 and a one 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. grew its holdings in Natuzzi S.p.A. (NYSE:NTZ) by 2.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 121,262 shares of the company’s stock after purchasing an additional 2,450 shares during the quarter. Benjamin F. Edwards & Company Inc. owned about 1.10% of Natuzzi worth $594,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 6.07% of the company’s stock.

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.