Natuzzi (NYSE:NTZ) Receives New Coverage from Analysts at StockNews.com

Equities research analysts at StockNews.com began coverage on shares of Natuzzi (NYSE:NTZGet Rating) in a research note issued on Monday. The brokerage set a “hold” rating on the stock.

Natuzzi Stock Up 2.2 %

Shares of NYSE NTZ opened at $5.05 on Monday. Natuzzi has a 52 week low of $4.40 and a 52 week high of $17.00. The stock has a market capitalization of $55.40 million, a price-to-earnings ratio of -19.42 and a beta of 1.73. The firm has a 50-day simple moving average of $5.79 and a 200-day simple moving average of $7.70.

Natuzzi (NYSE:NTZGet Rating) last announced its quarterly earnings results on Friday, September 30th. The company reported ($0.11) earnings per share for the quarter. Natuzzi had a negative net margin of 0.48% and a negative return on equity of 2.48%. The company had revenue of $124.55 million for the quarter.

Institutional Trading of Natuzzi

Institutional investors have recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. acquired a new position in shares of Natuzzi in the 1st quarter valued at $534,000. Titleist Asset Management LTD. purchased a new stake in shares of Natuzzi during the 1st quarter worth $189,000. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of Natuzzi by 11.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 15,577 shares of the company’s stock worth $171,000 after purchasing an additional 1,577 shares in the last quarter. Hedge funds and other institutional investors own 16.44% of the company’s stock.

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.

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