SIFCO Industries, Inc. (NYSE:SIF – Get Free Report) traded up 5.5% during trading on Monday . The stock traded as high as $23.88 and last traded at $23.44. 172,016 shares were traded during mid-day trading, an increase of 69% from the average session volume of 101,948 shares. The stock had previously closed at $22.21.
SIFCO Industries Stock Up 5.5%
The company has a market capitalization of $146.59 million, a price-to-earnings ratio of -33.01 and a beta of 0.66. The stock’s 50-day simple moving average is $23.30 and its two-hundred day simple moving average is $18.69.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of SIF. BlackRock Inc. acquired a new stake in SIFCO Industries in the 2nd quarter worth about $647,000. Corsair Capital Management L.P. acquired a new position in shares of SIFCO Industries during the first quarter valued at approximately $209,000. Empowered Funds LLC purchased a new position in shares of SIFCO Industries in the fourth quarter valued at approximately $34,000. Wealthspire Advisors LLC purchased a new position in shares of SIFCO Industries in the fourth quarter valued at approximately $335,000. Finally, DRW Securities LLC purchased a new position in shares of SIFCO Industries in the fourth quarter valued at approximately $86,000. Institutional investors and hedge funds own 24.20% of the company’s stock.
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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