Superior Industries International (NYSE:SUP) Shares Up 5.5%

Superior Industries International Inc (NYSE:SUP)’s stock price shot up 5.5% on Wednesday . The stock traded as high as $2.91 and last traded at $2.89, 228,700 shares traded hands during trading. A decline of 45% from the average session volume of 418,314 shares. The stock had previously closed at $2.74.

Several research firms have recently weighed in on SUP. BWS Financial set a $6.00 target price on shares of Superior Industries International and gave the company a “hold” rating in a report on Tuesday, September 24th. Zacks Investment Research lowered shares of Superior Industries International from a “hold” rating to a “sell” rating and set a $3.25 price target for the company. in a report on Monday, October 14th. Barrington Research reissued an “outperform” rating and issued a $7.00 price target (down previously from $15.00) on shares of Superior Industries International in a report on Monday, August 12th. B. Riley set a $7.00 price target on shares of Superior Industries International and gave the stock a “buy” rating in a report on Wednesday, September 4th. Finally, ValuEngine raised shares of Superior Industries International from a “hold” rating to a “buy” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $5.81.

The company has a market cap of $70.36 million, a PE ratio of -57.80 and a beta of 1.90. The firm’s fifty day moving average is $2.93 and its 200 day moving average is $3.10. The company has a current ratio of 1.83, a quick ratio of 1.02 and a debt-to-equity ratio of 1.82.

Superior Industries International (NYSE:SUP) last issued its quarterly earnings results on Monday, November 4th. The auto parts company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.22) by $0.14. The company had revenue of $352.00 million during the quarter, compared to analyst estimates of $336.93 million. Superior Industries International had a net margin of 0.74% and a return on equity of 0.94%. The firm’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.37) EPS. As a group, sell-side analysts anticipate that Superior Industries International Inc will post -0.63 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Macquarie Group Ltd. purchased a new stake in Superior Industries International in the 2nd quarter worth $35,000. Tower Research Capital LLC TRC acquired a new stake in Superior Industries International during the 3rd quarter worth $40,000. A.R.T. Advisors LLC acquired a new stake in Superior Industries International during the 2nd quarter worth $46,000. Virtu Financial LLC acquired a new stake in Superior Industries International during the 3rd quarter worth $46,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in Superior Industries International during the 2nd quarter worth $55,000. 56.86% of the stock is owned by institutional investors.

About Superior Industries International (NYSE:SUP)

Superior Industries International, Inc designs, manufactures, and sells aluminum wheels to the original equipment manufacturers in North America and Europe. It supplies cast aluminum wheels to the automobile and light truck manufacturers. The company offers its products under the ATS, RIAL, ALUTEC, and ANZIO brand names.

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