SIFCO Industries (NYSE:SIF) Stock Price Up 1.8% – What’s Next?

SIFCO Industries, Inc. (NYSE:SIF) shares were up 1.8% during mid-day trading on Thursday . The company traded as high as $5.65 and last traded at $5.63. Approximately 10,049 shares traded hands during mid-day trading, a decline of 42% from the average daily volume of 17,330 shares. The stock had previously closed at $5.53.

SIFCO Industries Price Performance

The business’s 50-day moving average price is $6.31 and its two-hundred day moving average price is $6.20. The firm has a market cap of $35.19 million, a price-to-earnings ratio of -8.03 and a beta of 0.88.

Hedge Funds Weigh In On SIFCO Industries

Several large investors have recently modified their holdings of SIF. Thompson Davis & CO. Inc. acquired a new position in SIFCO Industries during the 2nd quarter valued at approximately $38,000. Carnegie Investment Counsel bought a new stake in SIFCO Industries in the second quarter valued at $63,000. Finally, Citadel Advisors LLC acquired a new position in shares of SIFCO Industries during the third quarter valued at $143,000. 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.