SIFCO Industries (NYSE:SIF) Shares Up 7.8% – Still a Buy?

SIFCO Industries, Inc. (NYSE:SIF) shot up 7.8% during mid-day trading on Thursday . The company traded as high as $16.25 and last traded at $16.25. 64,922 shares were traded during trading, a decline of 14% from the average session volume of 75,878 shares. The stock had previously closed at $15.08.

SIFCO Industries Stock Performance

The company has a market capitalization of $108.08 million, a PE ratio of -24.49 and a beta of 0.62. The business’s 50-day moving average is $14.29 and its 200-day moving average is $9.38.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SIF. Wealthspire Advisors LLC purchased a new position in SIFCO Industries in the fourth quarter worth about $335,000. Minerva Advisors LLC raised its holdings in SIFCO Industries by 4.7% in the fourth quarter. Minerva Advisors LLC now owns 488,984 shares of the company’s stock worth $2,729,000 after buying an additional 22,083 shares during the last quarter. Citadel Advisors LLC bought a new stake in shares of SIFCO Industries in the third quarter worth approximately $143,000. DRW Securities LLC bought a new stake in shares of SIFCO Industries in the fourth quarter worth approximately $86,000. Finally, Empowered Funds LLC bought a new stake in shares of SIFCO Industries in the fourth quarter worth approximately $34,000. 24.20% of the stock is owned by hedge funds and other 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.