SIFCO Industries (NYSE:SIF) Stock Price Down 5.2% – Time to Sell?

SIFCO Industries, Inc. (NYSE:SIF) shares dropped 5.2% on Friday . The company traded as low as $6.16 and last traded at $6.16. Approximately 4,602 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 12,210 shares. The stock had previously closed at $6.50.

SIFCO Industries Stock Down 5.2%

The stock has a 50-day moving average of $6.22 and a 200-day moving average of $6.42. The company has a market cap of $38.03 million, a PE ratio of -8.68 and a beta of 0.88.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Thompson Davis & CO. Inc. purchased a new position in shares of SIFCO Industries during the 2nd quarter worth $38,000. Carnegie Investment Counsel purchased a new stake in shares of SIFCO Industries in the 2nd quarter valued at about $63,000. Finally, Citadel Advisors LLC acquired a new position in SIFCO Industries in the 3rd quarter valued at about $143,000. 24.20% of the stock is currently owned by hedge funds and other 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.