SIFCO Industries, Inc. (NYSE:SIF – Get Free Report) was up 3.2% during trading on Thursday . The stock traded as high as $22.46 and last traded at $21.90. 208,916 shares were traded during mid-day trading, an increase of 131% from the average daily volume of 90,317 shares. The stock had previously closed at $21.23.
SIFCO Industries Stock Up 0.5%
The stock has a market cap of $137.71 million, a P/E ratio of -31.01 and a beta of 0.67. The firm’s 50-day moving average is $20.66 and its two-hundred day moving average is $14.21.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Minerva Advisors LLC lifted its stake in shares of SIFCO Industries by 4.7% in the 4th 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 during the last quarter. Wealthspire Advisors LLC acquired a new position in SIFCO Industries during the fourth quarter worth $335,000. Citadel Advisors LLC acquired a new position in SIFCO Industries during the third quarter worth $143,000. Corsair Capital Management L.P. bought a new position in SIFCO Industries during the first quarter valued at about $209,000. Finally, DRW Securities LLC bought a new position in SIFCO Industries during the fourth quarter valued at about $86,000. Institutional investors and hedge funds 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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