Superior Industries International (NYSE:SUP) Lowered to “Hold” Rating by StockNews.com

StockNews.com downgraded shares of Superior Industries International (NYSE:SUP) from a buy rating to a hold rating in a research note published on Saturday.

Superior Industries International Stock Up 1.7 %

Superior Industries International stock opened at $2.39 on Friday. The firm has a market cap of $69.05 million, a P/E ratio of -0.61 and a beta of 3.50. The business has a fifty day moving average of $2.82 and a two-hundred day moving average of $3.19. Superior Industries International has a twelve month low of $2.10 and a twelve month high of $4.57.

Hedge Funds Weigh In On Superior Industries International

An institutional investor recently raised its position in Superior Industries International stock. Squarepoint Ops LLC lifted its position in Superior Industries International, Inc. (NYSE:SUP) by 818.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 782,531 shares of the auto parts company’s stock after buying an additional 697,367 shares during the period. Squarepoint Ops LLC owned approximately 2.74% of Superior Industries International worth $2,645,000 as of its most recent SEC filing. 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.