SIFCO Industries, Inc. (NYSE:SIF – Get Free Report) shares rose 4% on Monday . The company traded as high as $22.50 and last traded at $21.81. Approximately 121,223 shares were traded during mid-day trading, an increase of 49% from the average daily volume of 81,136 shares. The stock had previously closed at $20.97.
SIFCO Industries Price Performance
The firm has a market capitalization of $136.40 million, a price-to-earnings ratio of -30.72 and a beta of 0.68. The firm’s fifty day moving average is $17.75 and its 200 day moving average is $12.12.
Institutional Investors Weigh In On SIFCO Industries
Institutional investors have recently modified their holdings of the stock. Empowered Funds LLC acquired a new stake in shares of SIFCO Industries during the 4th quarter valued at $34,000. DRW Securities LLC acquired a new position in shares of SIFCO Industries in the fourth quarter worth $86,000. Corsair Capital Management L.P. purchased a new stake in shares of SIFCO Industries during the first quarter worth $209,000. Citadel Advisors LLC purchased a new stake in shares of SIFCO Industries during the third quarter worth $143,000. Finally, Wealthspire Advisors LLC acquired a new stake in SIFCO Industries during the fourth quarter valued at $335,000. Institutional investors and hedge funds own 24.20% of the company’s stock.
SIFCO Industries Company Profile
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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