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

StockNews.com began coverage on shares of Natuzzi (NYSE:NTZ) in a research note published on Friday. The firm issued a hold rating on the stock.

Natuzzi Stock Performance

Shares of NYSE NTZ opened at $4.45 on Friday. Natuzzi has a one year low of $3.80 and a one year high of $7.20. The business’s 50-day moving average price is $4.19 and its two-hundred day moving average price is $4.79.

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 shares of Natuzzi S.p.A. (NYSE:NTZ) by 2.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. 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 Securities and Exchange Commission. Hedge funds and other institutional investors 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.