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

StockNews.com began coverage on shares of Natuzzi (NYSE:NTZ - Free Report) in a research report released on Wednesday morning. The brokerage issued a hold rating on the stock.

Natuzzi Price Performance

NTZ traded up $0.08 during trading on Wednesday, reaching $4.98. 1,481 shares of the company's stock were exchanged, compared to its average volume of 6,496. The company's fifty day moving average price is $4.81 and its 200-day moving average price is $4.54. Natuzzi has a fifty-two week low of $3.80 and a fifty-two week high of $6.43.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Natuzzi stock. Benjamin Edwards Inc. bought a new position in shares of Natuzzi S.p.A. (NYSE:NTZ - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. 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 owned by institutional investors.

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.