Superior Industries International (NYSE:SUP) Cut to “Hold” at StockNews.com

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

Superior Industries International Stock Performance

Shares of Superior Industries International stock opened at $2.35 on Friday. Superior Industries International has a 52-week low of $2.10 and a 52-week high of $4.57. The stock’s 50-day simple moving average is $2.83 and its 200 day simple moving average is $3.20. The stock has a market capitalization of $67.89 million, a P/E ratio of -0.59 and a beta of 3.50.

Institutional Investors Weigh In On Superior Industries International

An institutional investor recently bought a new position in Superior Industries International stock. Corsair Capital Management L.P. acquired a new stake in Superior Industries International, Inc. (NYSE:SUP) during the third quarter, according to its most recent 13F filing with the SEC. The fund acquired 23,834 shares of the auto parts company’s stock, valued at approximately $72,000. Corsair Capital Management L.P. owned 0.08% of Superior Industries International as of its most recent filing with the SEC. 56.20% of the stock is owned by institutional investors.

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.