Superior Industries International (NYSE:SUP) Upgraded at StockNews.com

StockNews.com upgraded shares of Superior Industries International (NYSE:SUP) from a hold rating to a buy rating in a research report report published on Saturday morning.

Superior Industries International Trading Down 5.6 %

SUP opened at $2.11 on Friday. The company’s 50 day moving average is $1.99 and its 200-day moving average is $2.39. The company has a market cap of $60.84 million, a P/E ratio of -0.53 and a beta of 3.47. Superior Industries International has a 1-year low of $1.50 and a 1-year high of $4.57.

Institutional Investors Weigh In On Superior Industries International

Hedge funds have recently modified their holdings of the company. Corsair Capital Management L.P. acquired a new position in Superior Industries International in the 3rd quarter worth about $72,000. Heron Bay Capital Management bought a new stake in shares of Superior Industries International during the fourth quarter worth about $85,000. Jane Street Group LLC acquired a new position in shares of Superior Industries International in the fourth quarter valued at approximately $88,000. Proficio Capital Partners LLC bought a new position in Superior Industries International in the 4th quarter valued at approximately $153,000. Finally, Sandia Investment Management LP acquired a new stake in Superior Industries International during the 4th quarter worth approximately $153,000. Institutional investors and hedge funds 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.