SIFCO Industries, Inc. (NYSE:SIF – Get Free Report) shot up 9.5% during mid-day trading on Wednesday . The company traded as high as $14.99 and last traded at $14.95. 53,494 shares traded hands during mid-day trading, a decline of 32% from the average session volume of 78,443 shares. The stock had previously closed at $13.65.
SIFCO Industries Price Performance
The stock’s fifty day simple moving average is $12.10 and its 200-day simple moving average is $8.50. The firm has a market cap of $92.91 million, a PE ratio of -21.06 and a beta of 0.54.
Institutional Trading of SIFCO Industries
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Empowered Funds LLC acquired a new stake in shares of SIFCO Industries in the fourth quarter worth $34,000. Wealthspire Advisors LLC acquired a new stake in shares of SIFCO Industries in the fourth quarter worth $335,000. DRW Securities LLC acquired a new stake in shares of SIFCO Industries in the fourth quarter worth $86,000. Minerva Advisors LLC increased its stake in shares of SIFCO Industries by 4.7% in the fourth quarter. Minerva Advisors LLC now owns 488,984 shares of the company’s stock worth $2,729,000 after acquiring an additional 22,083 shares during the period. Finally, Citadel Advisors LLC acquired a new stake in shares of SIFCO Industries in the third quarter worth $143,000. 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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