SIFCO Industries (NYSE:SIF) Trading Down 5.2% – What’s Next?

SIFCO Industries, Inc. (NYSE:SIF)’s stock price fell 5.2% on Friday . The stock traded as low as $6.16 and last traded at $6.16. 4,602 shares were traded during trading, a decline of 62% from the average session volume of 12,210 shares. The stock had previously closed at $6.50.

SIFCO Industries Price Performance

The firm has a market cap of $38.03 million, a P/E ratio of -8.68 and a beta of 0.88. The stock’s 50-day simple moving average is $6.22 and its two-hundred day simple moving average is $6.41.

Hedge Funds Weigh In On SIFCO Industries

Large investors have recently bought and sold shares of the business. Carnegie Investment Counsel bought a new position in SIFCO Industries in the 2nd quarter valued at $63,000. Thompson Davis & CO. Inc. bought a new stake in shares of SIFCO Industries during the second quarter worth $38,000. Finally, Citadel Advisors LLC purchased a new stake in shares of SIFCO Industries during the third quarter valued at $143,000. Hedge funds and other 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.