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

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

Superior Industries International Stock Up 3.5 %

Shares of SUP opened at $2.22 on Friday. The stock has a market cap of $64.02 million, a price-to-earnings ratio of -0.56 and a beta of 3.47. The business has a 50-day simple moving average of $1.99 and a two-hundred day simple moving average of $2.42. Superior Industries International has a 52 week low of $1.50 and a 52 week high of $4.57.

Institutional Investors Weigh In On Superior Industries International

Institutional investors have recently modified their holdings of the stock. Corsair Capital Management L.P. purchased a new stake in shares of Superior Industries International in the third quarter worth approximately $72,000. Heron Bay Capital Management purchased a new stake in shares of Superior Industries International in the fourth quarter worth approximately $85,000. Jane Street Group LLC purchased a new stake in shares of Superior Industries International in the fourth quarter worth approximately $88,000. Proficio Capital Partners LLC purchased a new stake in shares of Superior Industries International in the fourth quarter worth approximately $153,000. Finally, Sandia Investment Management LP purchased a new stake in shares of Superior Industries International in the fourth quarter worth approximately $153,000. 56.20% of the stock is 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.