Natuzzi (NYSE:NTZ) Earns Hold Rating from Analysts at StockNews.com

Analysts at StockNews.com initiated coverage on shares of Natuzzi (NYSE:NTZ) in a research report issued on Wednesday. The firm set a “hold” rating on the stock.

Natuzzi Stock Performance

NTZ stock opened at $4.92 on Wednesday. The company’s fifty day simple moving average is $4.66 and its 200 day simple moving average is $4.40. Natuzzi has a 12-month low of $3.80 and a 12-month high of $6.50.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Natuzzi stock. Kanen Wealth Management LLC boosted its position in Natuzzi S.p.A. (NYSE:NTZ) by 2.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,666,246 shares of the company’s stock after buying an additional 34,086 shares during the quarter. Natuzzi makes up about 3.0% of Kanen Wealth Management LLC’s holdings, making the stock its 10th largest position. Kanen Wealth Management LLC’s holdings in Natuzzi were worth $7,998,000 at the end of the most recent reporting period. 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.