StockNews.com Downgrades Superior Industries International (NYSE:SUP) to Hold

Superior Industries International (NYSE:SUP) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Saturday.

Superior Industries International Stock Down 4.9 %

SUP stock opened at $2.33 on Friday. Superior Industries International has a 52 week low of $2.10 and a 52 week high of $4.57. The stock has a market capitalization of $67.31 million, a PE ratio of -0.59 and a beta of 3.50. The firm has a 50 day moving average of $2.83 and a 200 day moving average of $3.20.

Hedge Funds Weigh In On Superior Industries International

A hedge fund recently raised its stake in Superior Industries International stock. Squarepoint Ops LLC grew its stake in Superior Industries International, Inc. (NYSE:SUP) by 818.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 782,531 shares of the auto parts company’s stock after buying an additional 697,367 shares during the quarter. Squarepoint Ops LLC owned 2.74% of Superior Industries International worth $2,645,000 as of its most recent SEC filing. Institutional investors and hedge funds own 56.20% of the company’s stock.

About Superior Industries International

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.