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

Investment analysts at StockNews.com assumed coverage on shares of Natuzzi (NYSE:NTZ - Get Free Report) in a research note issued to investors on Saturday. The firm set a "hold" rating on the stock.

Natuzzi Stock Up 4.1 %

Natuzzi stock traded up $0.20 during trading hours on Friday, reaching $4.95. 8,726 shares of the stock were exchanged, compared to its average volume of 6,682. The firm's 50 day moving average is $4.75 and its 200 day moving average is $4.45. Natuzzi has a 52-week low of $3.80 and a 52-week high of $6.49.

Institutional Investors Weigh In On Natuzzi

An institutional investor recently bought a new position in Natuzzi stock. Benjamin Edwards Inc. acquired a new position in shares of Natuzzi S.p.A. (NYSE:NTZ - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 125,062 shares of the company's stock, valued at approximately $544,000. Benjamin Edwards Inc. owned approximately 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.

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.