SIFCO Industries (NYSE:SIF) Trading at $20.80

SIFCO Industries, Inc. (NYSE:SIF) shot up 0% on Tuesday. The company traded as high as $21.68 and last traded at $20.80. Approximately 44,636 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 93,388 shares. The stock had previously closed at $20.79.

SIFCO Industries Price Performance

The company’s 50 day moving average price is $21.67 and its 200 day moving average price is $20.93. The firm has a market capitalization of $126.14 million, a P/E ratio of -28.41 and a beta of 0.73.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of SIFCO Industries in the second quarter valued at $647,000. Corsair Capital Management L.P. acquired a new position in SIFCO Industries during the first quarter worth $209,000. Finally, NewEdge Advisors LLC acquired a new position in SIFCO Industries during the second quarter worth $305,000. 24.20% of the stock is owned by institutional investors and hedge funds.

SIFCO Industries Company Profile

SIFCO Industries, Inc is a Cleveland, Ohio-based manufacturer of forged and machined metal components. The company primarily serves the aerospace industry, supplying components used in aircraft engines, airframes and landing systems.

SIFCO’s capabilities include closed-die forging, heat treatment, machining and related finishing processes for specialty steel, nickel-based and other high-performance alloys. Its products are engineered for applications that require strength, durability and resistance to demanding operating conditions.

Founded in 1916, SIFCO has developed manufacturing operations and customer relationships serving aerospace and other industrial markets.