StockNews.com Upgrades Superior Group of Companies (NASDAQ:SGC) to Strong-Buy

Superior Group of Companies (NASDAQ:SGCGet Free Report) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Monday.

Superior Group of Companies Stock Down 1.5 %

NASDAQ:SGC traded down $0.22 during trading hours on Monday, reaching $14.01. The company had a trading volume of 68,701 shares, compared to its average volume of 55,129. The business’s 50-day simple moving average is $13.98 and its two-hundred day simple moving average is $11.26. Superior Group of Companies has a twelve month low of $7.14 and a twelve month high of $14.87. The company has a quick ratio of 1.97, a current ratio of 3.16 and a debt-to-equity ratio of 0.53. The firm has a market cap of $231.25 million, a price-to-earnings ratio of 29.81, a P/E/G ratio of 1.86 and a beta of 1.39.

Institutional Trading of Superior Group of Companies

Several hedge funds and other institutional investors have recently made changes to their positions in SGC. Barclays PLC purchased a new stake in Superior Group of Companies in the third quarter worth about $32,000. High Net Worth Advisory Group LLC raised its stake in shares of Superior Group of Companies by 322.2% during the 1st quarter. High Net Worth Advisory Group LLC now owns 1,900 shares of the textile maker’s stock worth $34,000 after buying an additional 1,450 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Superior Group of Companies by 646.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,156 shares of the textile maker’s stock worth $37,000 after buying an additional 3,599 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Superior Group of Companies during the fourth quarter worth $45,000. Finally, BNP Paribas Arbitrage SNC lifted its position in Superior Group of Companies by 86.2% during the third quarter. BNP Paribas Arbitrage SNC now owns 5,811 shares of the textile maker’s stock worth $52,000 after buying an additional 2,690 shares in the last quarter. Hedge funds and other institutional investors own 34.61% of the company’s stock.

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.

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