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

StockNews.com upgraded shares of Superior Industries International (NYSE:SUP) from a hold rating to a buy rating in a research report report published on Tuesday.

Superior Industries International Stock Performance

Superior Industries International stock opened at $0.60 on Tuesday. Superior Industries International has a fifty-two week low of $0.56 and a fifty-two week high of $3.90. The firm has a 50 day moving average price of $2.24 and a 200 day moving average price of $2.19. The company has a market capitalization of $17.85 million, a PE ratio of -0.15 and a beta of 3.32.

Superior Industries International (NYSE:SUP) last posted its earnings results on Monday, May 12th. The auto parts company reported ($0.92) earnings per share for the quarter, missing the consensus estimate of ($0.53) by ($0.39). The company had revenue of $321.60 million for the quarter, compared to analysts’ expectations of $307.74 million.

Hedge Funds Weigh In On Superior Industries International

Several institutional investors have recently modified their holdings of the business. Proficio Capital Partners LLC acquired a new position in shares of Superior Industries International during the fourth quarter worth $153,000. Heron Bay Capital Management acquired a new position in shares of Superior Industries International during the fourth quarter worth $85,000. Rangeley Capital LLC acquired a new position in shares of Superior Industries International during the fourth quarter worth $204,000. Nierenberg Investment Management Company Inc. grew its stake in shares of 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 purchasing an additional 17,238 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Superior Industries International during the fourth quarter worth $88,000. 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.