Natuzzi (NYSE:NTZ) Coverage Initiated by Analysts at StockNews.com

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

Natuzzi Price Performance

NYSE:NTZ traded down $0.03 on Thursday, reaching $4.75. The company's stock had a trading volume of 5,718 shares, compared to its average volume of 4,296. Natuzzi has a 12-month low of $3.80 and a 12-month high of $7.20. The stock has a 50 day moving average price of $4.33 and a 200 day moving average price of $4.49.

Institutional Investors Weigh In On Natuzzi

A hedge fund recently bought a new stake in Natuzzi stock. Benjamin Edwards Inc. bought a new stake in shares of Natuzzi S.p.A. (NYSE:NTZ - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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 reporting period. 6.07% of the stock is currently 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.