Natuzzi (NYSE:NTZ) Coverage Initiated at Wall Street Zen

Research analysts at Wall Street Zen initiated coverage on shares of Natuzzi (NYSE:NTZ) in a research note issued to investors on Wednesday. The firm set a “hold” rating on the stock.

Natuzzi Stock Down 2.5%

Shares of Natuzzi stock opened at $3.32 on Wednesday. The company has a fifty day moving average price of $4.17 and a 200 day moving average price of $4.48. Natuzzi has a twelve month low of $3.14 and a twelve month high of $6.27.

Institutional Trading of Natuzzi

A number of institutional investors have recently added to or reduced their stakes in NTZ. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in Natuzzi during the 1st quarter worth $1,817,000. Kanen Wealth Management LLC boosted its position in Natuzzi by 5.8% during the 1st quarter. Kanen Wealth Management LLC now owns 1,763,136 shares of the company’s stock worth $8,657,000 after purchasing an additional 96,890 shares during the period. Finally, Benjamin Edwards Inc. boosted its position in Natuzzi by 6.6% during the 1st quarter. Benjamin Edwards Inc. now owns 139,650 shares of the company’s stock worth $686,000 after purchasing an additional 8,600 shares during the period. 6.07% of the stock is owned by hedge funds and other 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.