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

StockNews.com assumed coverage on shares of Natuzzi (NYSE:NTZ) in a report issued on Tuesday morning. The brokerage issued a hold rating on the stock.

Natuzzi Trading Down 2.5 %

Shares of Natuzzi stock opened at $4.79 on Tuesday. Natuzzi has a 12-month low of $3.80 and a 12-month high of $6.50. The business’s 50 day moving average is $4.59 and its 200-day moving average is $4.39.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NTZ. Kanen Wealth Management LLC grew its holdings in Natuzzi by 2.1% during the fourth quarter. Kanen Wealth Management LLC now owns 1,666,246 shares of the company’s stock worth $7,998,000 after purchasing an additional 34,086 shares during the period. Benjamin Edwards Inc. acquired a new stake in shares of Natuzzi in the third quarter valued at approximately $544,000. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in shares of Natuzzi by 2.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 121,262 shares of the company’s stock worth $594,000 after acquiring an additional 2,450 shares during the period. 6.07% of the stock is currently owned by institutional investors and hedge funds.

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.