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

Superior Industries International (NYSE:SUP) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Superior Industries International Stock Down 4.9 %

Shares of SUP stock opened at $2.33 on Friday. Superior Industries International has a fifty-two week low of $2.10 and a fifty-two week high of $4.57. The stock has a market cap of $67.31 million, a P/E ratio of -0.59 and a beta of 3.50. The business has a fifty day simple moving average of $2.85 and a 200-day simple moving average of $3.22.

Institutional Trading of Superior Industries International

An institutional investor recently raised its position in Superior Industries International stock. Squarepoint Ops LLC boosted its holdings in Superior Industries International, Inc. (NYSE:SUP) by 818.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 782,531 shares of the auto parts company’s stock after buying an additional 697,367 shares during the period. Squarepoint Ops LLC owned 2.74% of Superior Industries International worth $2,645,000 at the end of the most recent reporting period. 56.20% of the stock is currently owned by institutional investors.

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.