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

Analysts at StockNews.com began coverage on shares of Natuzzi (NYSE:NTZ) in a research report issued to clients and investors on Friday. The brokerage set a “hold” rating on the stock.

Natuzzi Stock Performance

Shares of NYSE NTZ opened at $4.45 on Friday. Natuzzi has a 52-week low of $3.80 and a 52-week high of $7.20. The firm has a 50 day moving average price of $4.19 and a 200 day moving average price of $4.80.

Institutional Trading of Natuzzi

A hedge fund recently raised its stake in Natuzzi stock. Benjamin F. Edwards & Company Inc. grew its holdings in Natuzzi S.p.A. (NYSE:NTZ) by 2.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 121,262 shares of the company’s stock after acquiring an additional 2,450 shares during the quarter. Benjamin F. Edwards & Company Inc. owned 1.10% of Natuzzi worth $594,000 at the end of the most recent reporting period. 6.07% of the stock is currently owned by hedge funds and other institutional investors.

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.