Natuzzi (NYSE:NTZ) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Natuzzi (NYSE:NTZ) in a report released on Sunday morning. The firm issued a hold rating on the stock.

Natuzzi Stock Up 2.9 %

Shares of Natuzzi stock opened at $4.94 on Friday. The company has a fifty day moving average price of $4.80 and a 200 day moving average price of $4.47. Natuzzi has a twelve month low of $3.80 and a twelve month high of $6.49.

Hedge Funds Weigh In On Natuzzi

An institutional investor recently bought a new position in Natuzzi stock. Benjamin Edwards Inc. purchased a new stake in Natuzzi S.p.A. (NYSE:NTZ) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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.