StockNews.com Initiates Coverage on Natuzzi (NYSE:NTZ)

Stock analysts at StockNews.com started coverage on shares of Natuzzi (NYSE:NTZ) in a research note issued on Tuesday. The firm set a “hold” rating on the stock.

Natuzzi Price Performance

NTZ stock opened at $4.83 on Tuesday. Natuzzi has a 1-year low of $3.80 and a 1-year high of $6.50. The stock’s fifty day simple moving average is $4.60 and its two-hundred day simple moving average is $4.39.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NTZ. Kanen Wealth Management LLC increased its position in shares of Natuzzi by 2.1% during the fourth quarter. Kanen Wealth Management LLC now owns 1,666,246 shares of the company’s stock valued at $7,998,000 after buying an additional 34,086 shares during the period. Benjamin Edwards Inc. bought a new stake in Natuzzi during the 3rd quarter worth approximately $544,000. Finally, Benjamin F. Edwards & Company Inc. grew its position in shares of Natuzzi by 2.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 121,262 shares of the company’s stock valued at $594,000 after purchasing an additional 2,450 shares in the last quarter. 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.