SIFCO Industries, Inc. (NYSE:SIF – Get Free Report) shares traded up 4% on Monday . The company traded as high as $22.50 and last traded at $21.81. 121,223 shares were traded during trading, an increase of 49% from the average session volume of 81,136 shares. The stock had previously closed at $20.97.
SIFCO Industries Stock Down 2.6%
The firm has a market capitalization of $134.09 million, a price-to-earnings ratio of -30.20 and a beta of 0.68. The stock’s fifty day moving average is $18.06 and its two-hundred day moving average is $12.34.
Hedge Funds Weigh In On SIFCO Industries
A number of institutional investors have recently added to or reduced their stakes in SIF. Empowered Funds LLC acquired a new position in SIFCO Industries during the fourth quarter worth $34,000. DRW Securities LLC acquired a new position in SIFCO Industries during the fourth quarter worth $86,000. Citadel Advisors LLC acquired a new position in shares of SIFCO Industries in the third quarter valued at $143,000. Corsair Capital Management L.P. acquired a new position in shares of SIFCO Industries in the first quarter valued at $209,000. Finally, Wealthspire Advisors LLC acquired a new position in shares of SIFCO Industries in the fourth quarter valued at $335,000. 24.20% of the stock is currently owned by institutional investors and hedge funds.
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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