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

SIFCO Industries, Inc. (NYSE:SIF)’s share price traded up 1.8% during trading on Friday . The company traded as high as $20.00 and last traded at $19.75. 78,344 shares changed hands during mid-day trading, a decline of 3% from the average session volume of 80,408 shares. The stock had previously closed at $19.40.

SIFCO Industries Stock Up 1.8%

The company has a market capitalization of $123.52 million, a PE ratio of -27.82 and a beta of 0.62. The company has a 50-day moving average price of $15.51 and a two-hundred day moving average price of $10.50.

Institutional Investors Weigh In On SIFCO Industries

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Minerva Advisors LLC lifted its holdings 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 buying an additional 22,083 shares in the last quarter. Wealthspire Advisors LLC purchased a new position in SIFCO Industries during the fourth quarter valued at approximately $335,000. Citadel Advisors LLC bought a new stake in SIFCO Industries during the 3rd quarter worth approximately $143,000. Corsair Capital Management L.P. bought a new stake in SIFCO Industries during the 1st quarter worth approximately $209,000. Finally, DRW Securities LLC purchased a new stake in SIFCO Industries in the 4th quarter worth approximately $86,000. 24.20% of the stock is currently owned by institutional investors.

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.