Superior Industries International (NYSE:SUP) Lowered to Hold Rating by StockNews.com

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

Superior Industries International Price Performance

Superior Industries International stock opened at $2.33 on Friday. The stock’s 50-day moving average is $2.85 and its 200-day moving average is $3.22. The company has a market cap of $67.31 million, a price-to-earnings ratio of -0.59 and a beta of 3.50. Superior Industries International has a 12 month low of $2.10 and a 12 month high of $4.57.

Hedge Funds 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 position in Superior Industries International, Inc. (NYSE:SUP) during the third quarter, according to its most recent 13F filing with the SEC. The firm 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 at the end of the most recent reporting period. 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.