Natuzzi (NYSE:NTZ) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Natuzzi (NYSE:NTZ) in a research report issued to clients and investors on Monday. The brokerage set a “hold” rating on the stock.

Natuzzi Trading Down 2.2 %

Shares of Natuzzi stock opened at $6.11 on Monday. Natuzzi has a 52-week low of $4.76 and a 52-week high of $7.60. The company’s 50-day simple moving average is $6.27 and its 200-day simple moving average is $6.44.

Institutional Trading of Natuzzi

An institutional investor recently raised its position in Natuzzi stock. Cambridge Investment Research Advisors Inc. raised its holdings in Natuzzi S.p.A. (NYSE:NTZ) by 11.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,577 shares of the company’s stock after purchasing an additional 1,577 shares during the period. Cambridge Investment Research Advisors Inc. owned 0.14% of Natuzzi worth $171,000 at the end of the most recent reporting period. 6.07% of the stock is 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, Canada, other Americas, West and South Europe, Italy, the Middle East, Africa, India, the Asia-Pacific, the United Kingdom, and internationally.