StockNews.com initiated coverage on shares of Superior Industries International (NYSE:SUP – Get Rating) in a research report issued on Sunday. The firm set a “strong-buy” rating on the auto parts company’s stock.
Superior Industries International Stock Up 1.7 %
Shares of SUP opened at $3.60 on Friday. Superior Industries International has a 12-month low of $2.88 and a 12-month high of $7.38. The firm has a market capitalization of $100.48 million, a PE ratio of -6.92 and a beta of 3.90. The stock’s fifty day simple moving average is $4.74 and its 200-day simple moving average is $4.95.
Superior Industries International (NYSE:SUP – Get Rating) last released its quarterly earnings data on Thursday, March 2nd. The auto parts company reported $0.21 EPS for the quarter. The business had revenue of $402.10 million during the quarter, compared to the consensus estimate of $405.13 million. Superior Industries International had a negative return on equity of 76.52% and a net margin of 1.41%.
Insider Activity at Superior Industries International
Institutional Investors Weigh In On Superior Industries International
Several large investors have recently modified their holdings of the business. Jane Street Group LLC bought a new stake in shares of Superior Industries International in the first quarter worth about $306,000. Moneta Group Investment Advisors LLC bought a new stake in shares of Superior Industries International in the first quarter worth about $69,000. Renaissance Technologies LLC boosted its position in shares of Superior Industries International by 15.0% during the first quarter. Renaissance Technologies LLC now owns 931,709 shares of the auto parts company’s stock worth $4,612,000 after buying an additional 121,700 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Superior Industries International by 868.0% during the first quarter. Tower Research Capital LLC TRC now owns 10,222 shares of the auto parts company’s stock worth $51,000 after buying an additional 9,166 shares during the period. Finally, Wedbush Securities Inc. acquired a new position in shares of Superior Industries International during the first quarter worth about $167,000. 61.22% of the stock is currently owned by institutional investors.
Superior Industries International Company Profile
Superior Industries International, Inc engages in the design and manufacture of aluminum road wheels for passenger cars and light-duty vehicles. It operates through the North America and Europe segments. The company was founded by Louis L. Borick in 1957 and is headquartered in Southfield, MI.
- Get a free copy of the StockNews.com research report on Superior Industries International (SUP)
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