SIFCO Industries, Inc. (NYSE:SIF – Get Free Report) shares shot up 5.5% during mid-day trading on Monday . The stock traded as high as $23.88 and last traded at $23.44. 172,016 shares changed hands during mid-day trading, an increase of 69% from the average daily volume of 101,948 shares. The stock had previously closed at $22.21.
SIFCO Industries Price Performance
The stock’s fifty day moving average is $23.30 and its 200-day moving average is $18.69. The stock has a market capitalization of $146.59 million, a PE ratio of -33.01 and a beta of 0.66.
Institutional Investors Weigh In On SIFCO Industries
A number of institutional investors have recently modified their holdings of the business. Empowered Funds LLC acquired a new position in SIFCO Industries in the 4th quarter worth about $34,000. DRW Securities LLC purchased a new stake in shares of SIFCO Industries in the fourth quarter valued at approximately $86,000. Citadel Advisors LLC purchased a new stake in shares of SIFCO Industries in the third quarter valued at approximately $143,000. Corsair Capital Management L.P. acquired a new position in shares of SIFCO Industries during the 1st quarter worth approximately $209,000. Finally, Wealthspire Advisors LLC acquired a new position in shares of SIFCO Industries during the 4th quarter worth approximately $335,000. 24.20% of the stock is currently owned by institutional investors and hedge funds.
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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