SIFCO Stock Surges 109.7% in Three Months: What's Behind the Rally?

SIFCO Industries, Inc.’s (SIF) investors have been experiencing some short-term gains from the stock of late. Shares of the Cleveland, OH-based manufacturer of forgings, sub-assemblies and machined components (primarily serving the aerospace and defense, energy and commercial space markets) have surged 109.7% in the past three months compared with the industry’s 21.7% rise. The stock also outperformed the sector and the S&P 500’s 16.5% and 2.8% gains, respectively, in the same time frame.A major development ...