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

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

Natuzzi Stock Down 3.3 %

Shares of NTZ stock opened at $4.70 on Tuesday. Natuzzi has a one year low of $3.80 and a one year high of $7.20. The company has a 50 day moving average price of $4.23 and a 200 day moving average price of $4.53.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Natuzzi stock. Benjamin Edwards Inc. purchased a new stake in shares of Natuzzi S.p.A. (NYSE:NTZ) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 125,062 shares of the company’s stock, valued at approximately $544,000. Benjamin Edwards Inc. owned 1.13% of Natuzzi at the end of the most recent quarter. 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.