Superior Industries International (NYSE:SUP) Shares Pass Above 200-Day Moving Average of $3.34

Superior Industries International, Inc. (NYSE:SUP) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.34 and traded as high as $3.39. Superior Industries International shares last traded at $3.34, with a volume of 13,579 shares trading hands.

Superior Industries International Price Performance

The firm has a market cap of $95.52 million, a P/E ratio of -0.58 and a beta of 3.39. The firm’s 50 day moving average is $3.66 and its 200 day moving average is $3.34.

Superior Industries International (NYSE:SUP) last issued its quarterly earnings results on Thursday, May 2nd. The auto parts company reported ($1.07) EPS for the quarter. The firm had revenue of $316.30 million during the quarter, compared to analysts’ expectations of $346.68 million.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Privium Fund Management UK Ltd bought a new position in shares of Superior Industries International during the first quarter valued at $45,000. Janney Montgomery Scott LLC raised its position in Superior Industries International by 10.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 44,559 shares of the auto parts company’s stock worth $135,000 after buying an additional 4,230 shares during the last quarter. Bailard Inc. bought a new position in Superior Industries International during the 4th quarter valued at about $271,000. Pinnacle Holdings LLC boosted its holdings in shares of Superior Industries International by 4.6% during the 4th quarter. Pinnacle Holdings LLC now owns 171,887 shares of the auto parts company’s stock valued at $550,000 after acquiring an additional 7,605 shares during the last quarter. Finally, Essex Investment Management Co. LLC grew its stake in shares of Superior Industries International by 1.5% in the first quarter. Essex Investment Management Co. LLC now owns 789,946 shares of the auto parts company’s stock worth $2,291,000 after acquiring an additional 11,923 shares during the period. Institutional investors 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.