StockNews.com upgraded shares of Superior Industries International (NYSE:SUP - Free Report) from a hold rating to a buy rating in a report published on Thursday.
Superior Industries International Trading Up 4.0 %
Superior Industries International stock traded up $0.08 during trading hours on Thursday, reaching $2.10. 240,325 shares of the stock were exchanged, compared to its average volume of 85,377. The company has a market cap of $60.66 million, a P/E ratio of -0.53 and a beta of 3.47. Superior Industries International has a twelve month low of $1.50 and a twelve month high of $4.57. The stock has a 50 day moving average of $1.98 and a two-hundred day moving average of $2.45.
Institutional Investors Weigh In On Superior Industries International
A number of large investors have recently bought and sold shares of the company. Nierenberg Investment Management Company Inc. grew its stake in Superior Industries International by 15.5% during the fourth quarter. Nierenberg Investment Management Company Inc. now owns 128,793 shares of the auto parts company's stock worth $263,000 after buying an additional 17,238 shares in the last quarter. Corsair Capital Management L.P. acquired a new stake in Superior Industries International during the third quarter worth about $72,000. Heron Bay Capital Management acquired a new stake in Superior Industries International during the fourth quarter worth about $85,000. Jane Street Group LLC acquired a new stake in Superior Industries International during the fourth quarter worth about $88,000. Finally, Proficio Capital Partners LLC bought a new position in shares of Superior Industries International in the fourth quarter worth about $153,000. 56.20% of the stock is currently 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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