StockNews.com Upgrades Superior Industries International (NYSE:SUP) to “Buy”

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

Superior Industries International Price Performance

NYSE:SUP opened at $2.79 on Friday. The firm has a market capitalization of $80.59 million, a P/E ratio of -0.71 and a beta of 3.50. Superior Industries International has a 1-year low of $2.10 and a 1-year high of $4.57. The company’s fifty day moving average price is $2.90 and its 200-day moving average price is $3.24.

Institutional Trading of Superior Industries International

A hedge fund recently raised its stake in Superior Industries International stock. Squarepoint Ops LLC boosted its position in shares of Superior Industries International, Inc. (NYSE:SUP) by 818.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 782,531 shares of the auto parts company’s stock after buying an additional 697,367 shares during the quarter. Squarepoint Ops LLC owned approximately 2.74% of Superior Industries International worth $2,645,000 at the end of the most recent reporting period. Hedge funds and other 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.