Superior Industries International (NYSE:SUP) Upgraded by StockNews.com to Buy Rating

Superior Industries International (NYSE:SUP) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Superior Industries International Stock Up 3.5 %

Shares of Superior Industries International stock opened at $2.22 on Friday. Superior Industries International has a fifty-two week low of $1.50 and a fifty-two week high of $4.57. The firm has a market cap of $64.02 million, a PE ratio of -0.56 and a beta of 3.47. The business’s fifty day moving average is $1.99 and its two-hundred day moving average is $2.40.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Corsair Capital Management L.P. purchased a new position in shares of Superior Industries International in the 3rd quarter worth $72,000. Heron Bay Capital Management purchased a new position in shares of Superior Industries International in the 4th quarter worth $85,000. Jane Street Group LLC purchased a new position in shares of Superior Industries International in the 4th quarter worth $88,000. Proficio Capital Partners LLC purchased a new position in shares of Superior Industries International in the 4th quarter worth $153,000. Finally, Sandia Investment Management LP purchased a new position in shares of Superior Industries International in the 4th quarter worth $153,000. Hedge funds and other institutional investors own 56.20% of the company’s stock.

Superior Industries International Company Profile

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.