Superior Industries International (NYSE:SUP) Stock Rating Lowered by StockNews.com

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

Superior Industries International Stock Up 0.9 %

SUP stock opened at $2.35 on Friday. The firm has a market capitalization of $67.89 million, a PE ratio of -0.59 and a beta of 3.50. Superior Industries International has a twelve month low of $2.10 and a twelve month high of $4.57. The stock has a 50-day simple moving average of $2.83 and a two-hundred day simple moving average of $3.20.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Superior Industries International stock. Corsair Capital Management L.P. acquired a new position in shares of Superior Industries International, Inc. (NYSE:SUP) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 23,834 shares of the auto parts company’s stock, valued at approximately $72,000. Corsair Capital Management L.P. owned approximately 0.08% of Superior Industries International at the end of the most recent quarter. 56.20% of the stock is owned by institutional investors and hedge funds.

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.