StockNews.com Upgrades Superior Industries International (NYSE:SUP) to Buy

Superior Industries International (NYSE:SUP) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Saturday.

Superior Industries International Price Performance

Shares of NYSE:SUP opened at $2.22 on Friday. The business’s 50 day simple moving average is $1.99 and its 200-day simple moving average is $2.40. The firm has a market capitalization of $64.02 million, a price-to-earnings ratio of -0.56 and a beta of 3.47. Superior Industries International has a 12 month low of $1.50 and a 12 month high of $4.57.

Institutional Investors Weigh In On Superior Industries International

Institutional investors and hedge funds have recently bought and sold shares of the stock. Corsair Capital Management L.P. purchased a new stake in Superior Industries International in the 3rd quarter valued at approximately $72,000. Heron Bay Capital Management purchased a new stake in Superior Industries International in the 4th quarter valued at approximately $85,000. Jane Street Group LLC purchased a new stake in Superior Industries International in the 4th quarter valued at approximately $88,000. Proficio Capital Partners LLC purchased a new stake in Superior Industries International in the 4th quarter valued at approximately $153,000. Finally, Sandia Investment Management LP purchased a new stake in Superior Industries International in the 4th quarter valued at approximately $153,000. Hedge funds and other institutional investors own 56.20% of the company’s stock.

Superior Industries International Company Profile

Superior Industries International, Inc, together with its subsidiaries, designs, manufactures, and sells aluminum wheels to the original equipment manufacturers and aftermarket distributors in North America and Europe. It offers its products under the ATS, RIAL, ALUTEC, and ANZIO brand names. The company was founded in 1957 and is headquartered in Southfield, Michigan.