Superior Group of Companies (NASDAQ:SGC) Cut to Buy at StockNews.com

Superior Group of Companies (NASDAQ:SGCGet Free Report) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Tuesday.

Superior Group of Companies Stock Up 0.8 %

SGC opened at $13.84 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.16 and a quick ratio of 1.97. The business has a 50 day simple moving average of $13.71 and a 200-day simple moving average of $10.47. The stock has a market capitalization of $228.50 million, a P/E ratio of 29.45, a P/E/G ratio of 1.79 and a beta of 1.38. Superior Group of Companies has a 12 month low of $7.14 and a 12 month high of $14.87.

Hedge Funds Weigh In On Superior Group of Companies

Hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC acquired a new position in shares of Superior Group of Companies in the third quarter worth $32,000. High Net Worth Advisory Group LLC grew its position in shares of Superior Group of Companies by 322.2% in the first quarter. High Net Worth Advisory Group LLC now owns 1,900 shares of the textile maker’s stock valued at $34,000 after purchasing an additional 1,450 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Superior Group of Companies by 646.1% in the third quarter. Tower Research Capital LLC TRC now owns 4,156 shares of the textile maker’s stock valued at $37,000 after purchasing an additional 3,599 shares during the period. BNP Paribas Arbitrage SNC grew its position in shares of Superior Group of Companies by 86.2% in the third quarter. BNP Paribas Arbitrage SNC now owns 5,811 shares of the textile maker’s stock valued at $52,000 after purchasing an additional 2,690 shares during the period. Finally, BNP Paribas Arbitrage SA grew its position in shares of Superior Group of Companies by 68.0% in the second quarter. BNP Paribas Arbitrage SA now owns 3,121 shares of the textile maker’s stock valued at $55,000 after purchasing an additional 1,263 shares during the period. 34.61% of the stock is owned by institutional investors and hedge funds.

About Superior Group of Companies

(Get Free Report)

Superior Group of Companies, Inc manufactures and sells apparel and accessories in the United States and internationally. It operates through three segments: Branded Products, Healthcare Apparel, and Contact Centers. The Branded Products segment produces and sells customized merchandising solutions, promotional products, and branded uniform to retail, hotel, food service, entertainment, technology, transportation, and other industries.

Further Reading

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