Shares of SIFCO Industries, Inc. (NYSE:SIF – Get Free Report) were up 0.5% on Friday . The stock traded as high as $27.68 and last traded at $25.78. Approximately 111,268 shares changed hands during trading, an increase of 22% from the average session volume of 91,377 shares. The stock had previously closed at $25.64.
SIFCO Industries Price Performance
The company has a market capitalization of $161.23 million, a price-to-earnings ratio of -36.31 and a beta of 0.67. The stock’s fifty day simple moving average is $22.56 and its two-hundred day simple moving average is $16.18.
Hedge Funds Weigh In On SIFCO Industries
A number of large investors have recently bought and sold shares of the business. Corsair Capital Management L.P. acquired a new position in SIFCO Industries in the first quarter valued at approximately $209,000. Empowered Funds LLC acquired a new stake in shares of SIFCO Industries during the 4th quarter worth approximately $34,000. Wealthspire Advisors LLC acquired a new stake in shares of SIFCO Industries during the 4th quarter worth approximately $335,000. DRW Securities LLC acquired a new position in SIFCO Industries during the 4th quarter valued at approximately $86,000. Finally, Minerva Advisors LLC boosted its position in SIFCO Industries by 4.7% during the 4th quarter. Minerva Advisors LLC now owns 488,984 shares of the company’s stock valued at $2,729,000 after purchasing an additional 22,083 shares during the period. 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.
See Also
- Five stocks we like better than SIFCO Industries
- Netflix’s Big Sell-Off May Be Sending the Wrong Signal
- Popular’s Earnings Beat Shows Why This Bank Stock Keeps Climbing
- ABB’s Rotork Deal Could Put These Flow Control Stocks Back in Focus
- GE HealthCare Stock Climbs on Vital Diagnostics Demand
Receive News & Ratings for SIFCO Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SIFCO Industries and related companies with MarketBeat.com's FREE daily email newsletter.
