Natuzzi (NYSE:NTZ) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Natuzzi (NYSE:NTZ) in a research note issued on Friday. The brokerage set a “hold” rating on the stock.

Natuzzi Stock Performance

Shares of NYSE NTZ opened at $4.15 on Friday. The company’s fifty day moving average is $4.72 and its two-hundred day moving average is $4.56. Natuzzi has a one year low of $3.80 and a one year high of $6.43.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Natuzzi stock. Kanen Wealth Management LLC increased its position in Natuzzi S.p.A. (NYSE:NTZ) by 2.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,666,246 shares of the company’s stock after acquiring an additional 34,086 shares during the period. Natuzzi makes up about 3.0% of Kanen Wealth Management LLC’s investment portfolio, making the stock its 10th biggest position. Kanen Wealth Management LLC’s holdings in Natuzzi were worth $7,998,000 at the end of the most recent reporting period. 6.07% of the stock is owned by institutional investors and hedge funds.

About Natuzzi

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.