SIFCO Industries, Inc. (NYSE:SIF – Get Free Report) shares were up 1.8% during trading on Friday . The company traded as high as $20.00 and last traded at $19.75. Approximately 78,344 shares were traded during trading, a decline of 3% from the average daily volume of 80,408 shares. The stock had previously closed at $19.40.
SIFCO Industries Stock Up 1.8%
The company has a market cap of $123.52 million, a PE ratio of -27.82 and a beta of 0.62. The stock has a 50-day moving average of $15.51 and a 200-day moving average of $10.50.
Institutional Trading of SIFCO Industries
Large investors have recently modified their holdings of the business. Wealthspire Advisors LLC purchased a new position in shares of SIFCO Industries during the fourth quarter worth about $335,000. Minerva Advisors LLC raised its stake in SIFCO Industries by 4.7% in the fourth quarter. Minerva Advisors LLC now owns 488,984 shares of the company’s stock valued at $2,729,000 after purchasing an additional 22,083 shares in the last quarter. Citadel Advisors LLC purchased a new stake in SIFCO Industries in the third quarter valued at approximately $143,000. Corsair Capital Management L.P. bought a new stake in SIFCO Industries during the first quarter valued at approximately $209,000. Finally, DRW Securities LLC bought a new stake in SIFCO Industries during the fourth quarter valued at approximately $86,000. Institutional investors own 24.20% of the company’s stock.
About SIFCO Industries
SIFCO Industries, Inc is a specialty metal component manufacturer serving aerospace and industrial markets. The company operates through two primary business segments: Forged and Machined Products, which focuses on producing custom forgings, rings, discs and machined components; and Industrial Products, which supplies forgings, fasteners and assemblies for energy, general industrial and defense customers. SIFCO Industries emphasizes high-precision engineering, material traceability and quality assurance throughout its manufacturing processes.
The company’s product portfolio includes open-die and closed-die forgings, CNC-machined parts, forging stock and subassemblies.
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