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

StockNews.com upgraded shares of Superior Industries International (NYSE:SUP) from a hold rating to a buy rating in a report released on Friday morning.

Superior Industries International Stock Performance

Shares of SUP traded up $0.10 during mid-day trading on Friday, hitting $2.71. The company’s stock had a trading volume of 86,647 shares, compared to its average volume of 76,851. The stock’s 50-day moving average is $2.90 and its two-hundred day moving average is $3.25. Superior Industries International has a one year low of $2.10 and a one year high of $4.57. The firm has a market capitalization of $78.28 million, a PE ratio of -0.44 and a beta of 3.50.

Superior Industries International (NYSE:SUP) last posted its quarterly earnings results on Thursday, August 8th. The auto parts company reported ($0.46) earnings per share for the quarter. The business had revenue of $319.00 million during the quarter, compared to analysts’ expectations of $365.15 million.

Hedge Funds Weigh In On Superior Industries International

A hedge fund recently raised its stake in Superior Industries International stock. Squarepoint Ops LLC raised its holdings in shares of Superior Industries International, Inc. (NYSE:SUP) by 818.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 approximately 2.74% of Superior Industries International worth $2,645,000 as of its most recent SEC filing. 56.20% of the stock is currently owned by institutional investors and hedge funds.

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.