SIFCO Industries (NYSE:SIF) Shares Down 0.6% – Time to Sell?

Shares of SIFCO Industries, Inc. (NYSE:SIF) were down 0.6% during mid-day trading on Tuesday . The company traded as low as $13.70 and last traded at $14.16. Approximately 33,780 shares were traded during trading, a decline of 54% from the average daily volume of 73,339 shares. The stock had previously closed at $14.24.

SIFCO Industries Stock Performance

The business’s 50 day moving average is $9.65 and its 200-day moving average is $7.77. The firm has a market capitalization of $88.00 million, a price-to-earnings ratio of -19.94 and a beta of 0.65.

Institutional Trading of SIFCO Industries

Large investors have recently added to or reduced their stakes in the company. Empowered Funds LLC acquired a new position in SIFCO Industries in the fourth quarter valued at about $34,000. Thompson Davis & CO. Inc. acquired a new position in shares of SIFCO Industries during the 2nd quarter valued at $38,000. DRW Securities LLC acquired a new stake in shares of SIFCO Industries in the 4th quarter valued at about $86,000. Citadel Advisors LLC bought a new stake in shares of SIFCO Industries during the third quarter valued at approximately $143,000. Finally, Wealthspire Advisors LLC bought a new position in shares of SIFCO Industries in the fourth quarter valued at $335,000. 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.