Superior Industries International (NYSE:SUP) Downgraded to “Hold” Rating by StockNews.com

by · The Cerbat Gem

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

Superior Industries International Stock Performance

NYSE:SUP opened at $2.33 on Friday. The stock’s fifty day moving average is $2.83 and its 200 day moving average is $3.20. Superior Industries International has a fifty-two week low of $2.10 and a fifty-two week high of $4.57.

Institutional Trading of Superior Industries International

An institutional investor recently bought a new position in Superior Industries International stock. Corsair Capital Management L.P. bought a new position in Superior Industries International, Inc. (NYSE:SUP – Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 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 SEC filing. Institutional investors own 56.20% of the company’s stock.

Superior Industries International Company Profile

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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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