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

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

Superior Industries International Price Performance

NYSE SUP opened at $2.10 on Thursday. Superior Industries International has a 1 year low of $1.50 and a 1 year high of $4.57. The company has a market capitalization of $60.66 million, a PE ratio of -0.53 and a beta of 3.47. The company has a fifty day moving average of $1.98 and a two-hundred day moving average of $2.47.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SUP. Rangeley Capital LLC acquired a new position in shares of Superior Industries International in the 4th quarter valued at $204,000. Proficio Capital Partners LLC purchased a new stake in Superior Industries International during the 4th quarter worth $153,000. Sandia Investment Management LP bought a new stake in shares of Superior Industries International in the 4th quarter worth about $153,000. Jane Street Group LLC bought a new stake in shares of Superior Industries International in the 4th quarter worth about $88,000. Finally, Heron Bay Capital Management bought a new stake in shares of Superior Industries International in the 4th quarter worth about $85,000. 56.20% of the stock is owned by hedge funds and other institutional investors.

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.