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

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

Superior Industries International Stock Up 3.5 %

SUP opened at $2.22 on Friday. The company has a market capitalization of $64.02 million, a P/E ratio of -0.56 and a beta of 3.47. The stock’s fifty day moving average is $1.99 and its two-hundred day moving average is $2.42. Superior Industries International has a 52 week low of $1.50 and a 52 week high of $4.57.

Institutional Trading of Superior Industries International

A number of institutional investors have recently made changes to their positions in the business. Corsair Capital Management L.P. acquired a new stake in Superior Industries International during the 3rd quarter worth about $72,000. Heron Bay Capital Management purchased a new stake in Superior Industries International during the 4th quarter valued at about $85,000. Jane Street Group LLC purchased a new stake in Superior Industries International during the 4th quarter valued at about $88,000. Proficio Capital Partners LLC purchased a new stake in Superior Industries International during the 4th quarter valued at about $153,000. Finally, Sandia Investment Management LP purchased a new stake in Superior Industries International during the 4th quarter valued at about $153,000. Institutional investors and hedge funds own 56.20% of the company’s stock.

About Superior Industries International

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.