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

Equities research analysts at StockNews.com started coverage on shares of Natuzzi (NYSE:NTZ) in a note issued to investors on Monday. The brokerage set a “hold” rating on the stock.

Natuzzi Stock Performance

NYSE:NTZ opened at $4.75 on Monday. Natuzzi has a 1-year low of $3.80 and a 1-year high of $6.49. The company’s fifty day moving average price is $4.82 and its 200-day moving average price is $4.48.

Institutional Trading of Natuzzi

An institutional investor recently raised its position in Natuzzi stock. Kanen Wealth Management LLC lifted its holdings in Natuzzi S.p.A. (NYSE:NTZ) by 2.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,666,246 shares of the company’s stock after acquiring an additional 34,086 shares during the quarter. Natuzzi accounts for 3.0% of Kanen Wealth Management LLC’s holdings, making the stock its 10th biggest position. Kanen Wealth Management LLC’s holdings in Natuzzi were worth $7,998,000 as of its most recent SEC filing. 6.07% of the stock is currently owned by institutional investors.

About Natuzzi

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.