Natuzzi (NYSE:NTZ) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Natuzzi (NYSE:NTZ) in a research report sent to investors on Tuesday. The brokerage issued a hold rating on the stock.

Natuzzi Price Performance

Shares of NYSE:NTZ opened at $4.97 on Tuesday. The business has a 50 day moving average of $4.62 and a two-hundred day moving average of $4.40. Natuzzi has a 12-month low of $3.80 and a 12-month high of $6.50.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. lifted its position 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 buying an additional 2,450 shares in the last quarter. Kanen Wealth Management LLC grew its holdings in shares of 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 purchasing an additional 34,086 shares in the last quarter. Finally, Benjamin Edwards Inc. purchased a new position in Natuzzi in the third quarter valued at $544,000. 6.07% of the stock is owned by institutional investors and hedge funds.

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.