Natuzzi (NYSE:NTZ) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of Natuzzi (NYSE:NTZGet Rating) in a research report issued on Wednesday. The brokerage set a “hold” rating on the stock.

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

Shares of NTZ opened at $8.12 on Wednesday. Natuzzi has a 52-week low of $7.47 and a 52-week high of $21.00. The firm has a market cap of $89.08 million, a price-to-earnings ratio of -38.66 and a beta of 1.67. The business’s fifty day moving average is $10.31 and its 200-day moving average is $11.76.

Natuzzi (NYSE:NTZGet Rating) last released its earnings results on Friday, May 27th. The company reported $0.11 earnings per share (EPS) for the quarter. The firm had revenue of $132.96 million for the quarter. Natuzzi had a negative return on equity of 1.77% and a negative net margin of 0.34%.

Institutional investors and hedge funds have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Natuzzi by 11.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 15,577 shares of the company’s stock valued at $171,000 after purchasing an additional 1,577 shares in the last quarter. Titleist Asset Management LTD. acquired a new position in shares of Natuzzi in the first quarter valued at approximately $189,000. Finally, Benjamin F. Edwards & Company Inc. bought a new position in Natuzzi in the 1st quarter valued at approximately $534,000. 15.72% of the stock is owned by institutional investors and hedge funds.

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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