StockNews.com initiated coverage on shares of SIFCO Industries (NYSE:SIF – Free Report) in a report published on Friday. The brokerage issued a buy rating on the stock.
SIFCO Industries Stock Performance
Shares of SIF opened at $4.00 on Friday. SIFCO Industries has a 52 week low of $2.87 and a 52 week high of $5.96. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.75 and a current ratio of 0.99. The stock has a 50 day moving average price of $3.84 and a two-hundred day moving average price of $3.82. The firm has a market capitalization of $24.72 million, a P/E ratio of -2.96 and a beta of 1.22.
Hedge Funds Weigh In On SIFCO Industries
A hedge fund recently raised its stake in SIFCO Industries stock. Minerva Advisors LLC increased its position in shares of SIFCO Industries, Inc. (NYSE:SIF – Free Report) by 12.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 423,889 shares of the company’s stock after purchasing an additional 45,281 shares during the quarter. SIFCO Industries makes up about 1.1% of Minerva Advisors LLC’s holdings, making the stock its 22nd biggest position. Minerva Advisors LLC owned approximately 6.86% of SIFCO Industries worth $1,971,000 at the end of the most recent reporting period. 24.20% of the stock is owned by institutional investors and hedge funds.
SIFCO Industries Company Profile
SIFCO Industries, Inc, together with its subsidiaries, produces and sells forgings and machined components primarily for the aerospace and energy markets in North America and Europe. The company’s processes and services include forging, heat-treating, chemical processing, and machining. It also offers original equipment manufacturer and aftermarket components for aircraft and industrial gas turbine engines; steam turbine blades; structural airframe components; aircraft landing gear components; aircraft wheels and brakes; rotating components for helicopters; and commercial/industrial products.
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