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

Equities researchers at StockNews.com began coverage on shares of Natuzzi (NYSE:NTZGet Rating) in a research report issued on Sunday. The firm set a “hold” rating on the stock.

Separately, TheStreet lowered Natuzzi from a “c-” rating to a “d+” rating in a research report on Tuesday, June 7th.

Natuzzi Trading Down 0.6 %

Shares of Natuzzi stock opened at $7.22 on Friday. The firm has a market capitalization of $79.20 million, a PE ratio of -34.38 and a beta of 1.77. The business’s 50-day moving average price is $8.28 and its 200-day moving average price is $9.74. Natuzzi has a 12 month low of $6.03 and a 12 month high of $21.00.

Hedge Funds Weigh In On Natuzzi

Institutional investors have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. boosted its holdings in Natuzzi by 11.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 15,577 shares of the company’s stock valued at $171,000 after acquiring an additional 1,577 shares during the period. Benjamin F. Edwards & Company Inc. purchased a new stake in Natuzzi during the 1st quarter valued at about $534,000. Finally, Titleist Asset Management LTD. purchased a new stake in Natuzzi during the 1st quarter valued at about $189,000. 16.44% of the stock is currently owned by institutional investors.

Natuzzi Company Profile

(Get Rating)

Natuzzi S.p.A. engages in the design, manufacture, and marketing of leather and fabric upholstered furniture through its own and franchised stores worldwide. It operates through two segments, Natuzzi Brand and Private Label. The company's products primarily include stationary furniture, such as sofas, loveseats, and armchairs; sectional furniture; motion furniture; sofa beds; occasional chairs, including recliners and massage chairs; home furnishing accessories, including coffee tables, lamps, rugs, and wall units; and home accessories, which include vases, mirrors, magazines racks, trays, and decorative objects.

Further Reading

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