SIFCO Industries, Inc. (NYSE:SIF – Get Free Report) shares rose 0.5% during trading on Friday . The stock traded as high as $27.68 and last traded at $25.78. Approximately 111,268 shares changed hands during trading, an increase of 22% from the average daily volume of 91,377 shares. The stock had previously closed at $25.64.
SIFCO Industries Stock Up 0.5%
The firm has a market capitalization of $161.23 million, a P/E ratio of -36.31 and a beta of 0.67. The firm has a 50 day moving average of $22.56 and a 200-day moving average of $16.18.
Institutional Trading of SIFCO Industries
A number of institutional investors have recently modified their holdings of the stock. Empowered Funds LLC bought a new position in shares of SIFCO Industries in the fourth quarter worth $34,000. DRW Securities LLC bought a new stake in SIFCO Industries during the fourth quarter worth about $86,000. Citadel Advisors LLC bought a new stake in SIFCO Industries during the third quarter worth about $143,000. Corsair Capital Management L.P. bought a new stake in SIFCO Industries during the first quarter worth about $209,000. Finally, Wealthspire Advisors LLC acquired a new stake in SIFCO Industries during the fourth quarter worth about $335,000. 24.20% of the stock is currently owned by institutional investors.
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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