Superior Industries International, Inc. (NYSE:SUP - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.26 and traded as high as $2.40. Superior Industries International shares last traded at $2.35, with a volume of 21,291 shares changing hands.
Analysts Set New Price Targets
Separately, StockNews.com lowered shares of Superior Industries International from a "buy" rating to a "hold" rating in a report on Monday, April 7th.
Check Out Our Latest Stock Analysis on Superior Industries International
Superior Industries International Stock Performance
The stock's 50 day simple moving average is $2.15 and its 200 day simple moving average is $2.24. The firm has a market capitalization of $74.53 million, a P/E ratio of -0.63 and a beta of 3.14.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Nierenberg Investment Management Company Inc. boosted its position in 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. Heron Bay Capital Management purchased a new position in Superior Industries International in the fourth quarter worth approximately $85,000. Jane Street Group LLC purchased a new position in Superior Industries International in the fourth quarter worth approximately $88,000. Proficio Capital Partners LLC purchased a new position in Superior Industries International in the fourth quarter worth approximately $153,000. Finally, Sandia Investment Management LP purchased a new position in shares of Superior Industries International during the fourth quarter worth $153,000. Hedge funds and other institutional investors own 56.20% of the company's stock.
About Superior Industries International
(
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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.
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