Superior Industries International (NYSE:SUP) Stock Crosses Above 200-Day Moving Average – Here’s Why

Superior Industries International, Inc. (NYSE:SUP) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.28 and traded as high as $2.38. Superior Industries International shares last traded at $2.34, with a volume of 15,402 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Superior Industries International from a “buy” rating to a “hold” rating in a report on Monday, April 7th.

Superior Industries International Price Performance

The firm has a market cap of $69.62 million, a P/E ratio of -0.59 and a beta of 3.14. The company’s 50-day simple moving average is $2.07 and its 200 day simple moving average is $2.28.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Heron Bay Capital Management purchased a new stake in Superior Industries International during the fourth quarter valued at approximately $85,000. Jane Street Group LLC bought a new position in shares of Superior Industries International during the 4th quarter valued at approximately $88,000. Sandia Investment Management LP bought a new position in shares of Superior Industries International during the 4th quarter valued at approximately $153,000. Proficio Capital Partners LLC purchased a new stake in Superior Industries International during the 4th quarter valued at $153,000. Finally, Rangeley Capital LLC bought a new stake in Superior Industries International in the fourth quarter worth $204,000. Institutional investors own 56.20% of the company’s stock.

About Superior Industries International

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.