StockNews.com cut shares of Superior Industries International (NYSE:SUP - Free Report) from a buy rating to a hold rating in a report released on Saturday.
Superior Industries International Price Performance
NYSE:SUP traded down $0.12 during midday trading on Friday, reaching $2.33. 104,159 shares of the company traded hands, compared to its average volume of 78,194. Superior Industries International has a twelve month low of $2.10 and a twelve month high of $4.57. The company has a fifty day moving average price of $2.83 and a 200 day moving average price of $3.20. The firm has a market capitalization of $67.30 million, a price-to-earnings ratio of -0.59 and a beta of 3.50.
Hedge Funds Weigh In On Superior Industries International
An institutional investor recently raised its position in Superior Industries International stock. Squarepoint Ops LLC raised its holdings in Superior Industries International, Inc. (NYSE:SUP - Free Report) by 818.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 782,531 shares of the auto parts company's stock after acquiring an additional 697,367 shares during the quarter. Squarepoint Ops LLC owned 2.74% of Superior Industries International worth $2,645,000 as of its most recent filing with the Securities and Exchange Commission. 56.20% of the stock is owned by institutional investors.
About Superior Industries International
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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.
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