Natuzzi (NYSE:NTZ) Now Covered by StockNews.com

StockNews.com started coverage on shares of Natuzzi (NYSE:NTZ - Get Free Report) in a research report issued to clients and investors on Wednesday. The brokerage set a "hold" rating on the stock.

Natuzzi Stock Down 5.4 %

NYSE:NTZ traded down $0.27 on Wednesday, reaching $4.68. 346 shares of the stock traded hands, compared to its average volume of 13,141. The company's fifty day simple moving average is $4.66 and its 200 day simple moving average is $4.40. Natuzzi has a 12 month low of $3.80 and a 12 month high of $6.50.

Institutional Trading of Natuzzi

A hedge fund recently bought a new stake in Natuzzi stock. Benjamin Edwards Inc. bought a new position in Natuzzi S.p.A. (NYSE:NTZ - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The fund bought 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. 6.07% of the stock is currently owned by institutional investors and hedge funds.

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.