Superior Industries International (NYSE:SUP - Get Free Report) was upgraded by stock analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued on Saturday.
Superior Industries International Stock Performance
NYSE:SUP traded up $0.03 during mid-day trading on Friday, hitting $2.13. 23,357 shares of the stock were exchanged, compared to its average volume of 95,102. The stock has a market capitalization of $61.42 million, a price-to-earnings ratio of -0.54 and a beta of 3.47. The firm's 50-day simple moving average is $1.99 and its 200 day simple moving average is $2.39. Superior Industries International has a fifty-two week low of $1.50 and a fifty-two week high of $4.57.
Institutional Trading of Superior Industries International
Several hedge funds have recently added to or reduced their stakes in SUP. Corsair Capital Management L.P. acquired a new stake in Superior Industries International during the 3rd quarter worth approximately $72,000. Heron Bay Capital Management acquired a new stake in Superior Industries International during the 4th quarter worth approximately $85,000. Jane Street Group LLC acquired a new stake in Superior Industries International during the 4th quarter worth approximately $88,000. Proficio Capital Partners LLC acquired a new stake in Superior Industries International during the 4th quarter worth approximately $153,000. Finally, Sandia Investment Management LP acquired a new stake in Superior Industries International during the 4th quarter worth approximately $153,000. 56.20% of the stock is owned by institutional investors and hedge funds.
Superior Industries International Company Profile
(
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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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