Superior Industries International (NYSE:SUP) Rating Lowered to Hold at StockNews.com

StockNews.com cut shares of Superior Industries International (NYSE:SUP) from a buy rating to a hold rating in a report released on Saturday.

Superior Industries International Stock Up 1.7 %

NYSE:SUP opened at $2.39 on Friday. Superior Industries International has a 52 week low of $2.10 and a 52 week high of $4.57. The stock’s fifty day moving average is $2.82 and its two-hundred day moving average is $3.19. The stock has a market capitalization of $69.05 million, a price-to-earnings ratio of -0.61 and a beta of 3.50.

Institutional Trading of Superior Industries International

A hedge fund recently bought a new stake in Superior Industries International stock. Corsair Capital Management L.P. purchased a new stake in Superior Industries International, Inc. (NYSE:SUP) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 23,834 shares of the auto parts company’s stock, valued at approximately $72,000. Corsair Capital Management L.P. owned 0.08% of Superior Industries International as of its most recent SEC filing. 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.