SIFCO Industries, Inc. (NYSE:SIF – Get Free Report) rose 4.7% during trading on Monday . The company traded as high as $13.94 and last traded at $13.15. Approximately 200,140 shares changed hands during trading, an increase of 177% from the average daily volume of 72,278 shares. The stock had previously closed at $12.56.
SIFCO Industries Price Performance
The company has a market cap of $81.73 million, a price-to-earnings ratio of -18.52 and a beta of 0.88. The firm has a fifty day simple moving average of $7.05 and a 200 day simple moving average of $6.91.
Institutional Investors Weigh In On SIFCO Industries
Hedge funds and other institutional investors have recently made changes to their positions in the company. Empowered Funds LLC acquired a new stake in shares of SIFCO Industries in the 4th quarter valued at approximately $34,000. Thompson Davis & CO. Inc. bought a new stake in SIFCO Industries in the second quarter valued at approximately $38,000. DRW Securities LLC acquired a new stake in SIFCO Industries during the 4th quarter worth $86,000. Carnegie Investment Counsel bought a new position in SIFCO Industries during the second quarter worth about $63,000. Finally, Citadel Advisors LLC acquired a new position in SIFCO Industries in the third quarter valued at about $143,000. 24.20% of the stock is 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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