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

Equities researchers at StockNews.com assumed coverage on shares of Natuzzi (NYSE:NTZ) in a research report issued to clients and investors on Thursday. The firm set a “hold” rating on the stock.

Natuzzi Stock Performance

NTZ opened at $4.97 on Thursday. Natuzzi has a 1 year low of $3.80 and a 1 year high of $6.43. The stock’s 50 day simple moving average is $4.81 and its 200 day simple moving average is $4.56.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Natuzzi stock. Benjamin Edwards Inc. boosted its stake in shares of Natuzzi S.p.A. (NYSE:NTZ) by 4.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 131,050 shares of the company’s stock after buying an additional 5,988 shares during the period. Benjamin Edwards Inc. owned approximately 1.19% of Natuzzi worth $629,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 6.07% of the company’s stock.

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.