Superior Industries International (SUP) Trading Down 10.2%

Superior Industries International Inc (NYSE:SUP)’s share price dropped 10.2% during mid-day trading on Thursday . The stock traded as low as $3.87 and last traded at $3.95. Approximately 696,651 shares were traded during trading, an increase of 69% from the average daily volume of 412,014 shares. The stock had previously closed at $4.40.

SUP has been the topic of several research reports. BWS Financial restated a “hold” rating and set a $6.00 price target (down from $10.00) on shares of Superior Industries International in a research note on Friday, February 8th. Barrington Research set a $15.00 price target on Superior Industries International and gave the company a “buy” rating in a research note on Tuesday, March 5th. TheStreet lowered Superior Industries International from a “c-” rating to a “d+” rating in a research note on Tuesday. Zacks Investment Research lowered Superior Industries International from a “buy” rating to a “hold” rating in a research note on Tuesday, March 12th. Finally, ValuEngine upgraded Superior Industries International from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Superior Industries International has a consensus rating of “Hold” and a consensus price target of $11.85.

The company has a quick ratio of 1.15, a current ratio of 2.04 and a debt-to-equity ratio of 1.75. The company has a market cap of $112.26 million, a PE ratio of -79.00 and a beta of 2.02.

Superior Industries International (NYSE:SUP) last released its quarterly earnings data on Thursday, May 9th. The auto parts company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.07). Superior Industries International had a net margin of 1.19% and a return on equity of 1.21%. The company had revenue of $357.70 million during the quarter, compared to the consensus estimate of $363.53 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. The company’s revenue for the quarter was down 6.9% on a year-over-year basis. As a group, equities analysts forecast that Superior Industries International Inc will post -0.46 EPS for the current fiscal year.

In related news, Director Richard J. Giromini acquired 20,000 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were bought at an average cost of $4.37 per share, for a total transaction of $87,400.00. Following the purchase, the director now owns 42,500 shares in the company, valued at approximately $185,725. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.80% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Bank of Montreal Can grew its stake in shares of Superior Industries International by 20.3% in the 1st quarter. Bank of Montreal Can now owns 11,858 shares of the auto parts company’s stock valued at $56,000 after purchasing an additional 2,004 shares during the period. Arizona State Retirement System grew its stake in shares of Superior Industries International by 6.2% in the 4th quarter. Arizona State Retirement System now owns 35,447 shares of the auto parts company’s stock valued at $171,000 after purchasing an additional 2,057 shares during the period. Legal & General Group Plc grew its stake in shares of Superior Industries International by 6.0% in the 3rd quarter. Legal & General Group Plc now owns 49,205 shares of the auto parts company’s stock valued at $839,000 after purchasing an additional 2,768 shares during the period. BNP Paribas Arbitrage SA grew its stake in shares of Superior Industries International by 135.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,291 shares of the auto parts company’s stock valued at $25,000 after purchasing an additional 3,040 shares during the period. Finally, Swiss National Bank grew its stake in shares of Superior Industries International by 9.0% in the 1st quarter. Swiss National Bank now owns 43,400 shares of the auto parts company’s stock valued at $207,000 after purchasing an additional 3,600 shares during the period. Institutional investors own 78.72% of the company’s stock.

TRADEMARK VIOLATION WARNING: This article was originally published by Baseball Daily News and is the sole property of of Baseball Daily News. If you are reading this article on another website, it was stolen and republished in violation of United States & international copyright law. The legal version of this article can be read at https://www.baseballdailydigest.com/news/2019/05/23/superior-industries-international-sup-trading-down-10-2.html.

About Superior Industries International (NYSE:SUP)

Superior Industries International, Inc designs, manufactures, and sells aluminum wheels to the original equipment manufacturers in North America and Europe. It supplies cast aluminum wheels to the automobile and light truck manufacturers. The company offers its products under the ATS, RIAL, ALUTEC, and ANZIO brand names.

Featured Story: What is the Moving Average Convergence Divergence (MACD) oscillator?

Receive News & Ratings for Superior Industries International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Superior Industries International and related companies with MarketBeat.com's FREE daily email newsletter.