StockNews.com Begins Coverage on Natuzzi (NYSE:NTZ)

Stock analysts at StockNews.com began coverage on shares of Natuzzi (NYSE:NTZ) in a research note issued on Sunday. The brokerage set a “hold” rating on the stock.

Natuzzi Trading Up 2.0 %

Shares of NYSE NTZ opened at $4.09 on Friday. The business’s 50 day moving average price is $4.21 and its 200-day moving average price is $4.67. Natuzzi has a fifty-two week low of $3.80 and a fifty-two week high of $7.20.

Institutional Investors Weigh In On Natuzzi

An institutional investor recently raised its position in Natuzzi stock. Benjamin F. Edwards & Company Inc. boosted its position in shares of Natuzzi S.p.A. (NYSE:NTZ) by 2.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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 & Exchange Commission. 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.