Shares of SIFCO Industries, Inc. (NYSE:SIF – Get Free Report) shot up 0.5% on Friday . The company traded as high as $27.68 and last traded at $25.78. 111,268 shares traded hands during mid-day trading, an increase of 22% from the average session volume of 91,377 shares. The stock had previously closed at $25.64.
SIFCO Industries Trading Up 0.5%
The company has a market cap of $161.23 million, a P/E ratio of -36.31 and a beta of 0.67. The company has a 50 day moving average price of $22.56 and a 200-day moving average price of $16.18.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of SIF. Wealthspire Advisors LLC acquired a new position in SIFCO Industries during the fourth quarter worth about $335,000. Minerva Advisors LLC boosted 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 in the last quarter. Citadel Advisors LLC acquired a new stake in shares of SIFCO Industries in the 3rd quarter valued at approximately $143,000. Corsair Capital Management L.P. bought a new stake in shares of SIFCO Industries during the 1st quarter valued at approximately $209,000. Finally, DRW Securities LLC bought a new stake in shares of SIFCO Industries during the 4th quarter valued at approximately $86,000. Institutional investors 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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