StockNews.com Initiates Coverage on SIFCO Industries (NYSE:SIF)

Research analysts at StockNews.com began coverage on shares of SIFCO Industries (NYSE:SIF) in a report issued on Saturday. The brokerage set a “buy” rating on the stock.

SIFCO Industries Price Performance

NYSE SIF opened at $3.65 on Friday. SIFCO Industries has a 12-month low of $2.87 and a 12-month high of $5.96. The firm’s fifty day simple moving average is $3.73 and its two-hundred day simple moving average is $3.82. The company has a current ratio of 0.99, a quick ratio of 0.75 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $22.56 million, a P/E ratio of -2.70 and a beta of 1.22.

Institutional Investors Weigh In On SIFCO Industries

An institutional investor recently raised its position in SIFCO Industries stock. Minerva Advisors LLC increased its stake in shares of SIFCO Industries, Inc. (NYSE:SIF) by 12.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 423,889 shares of the company’s stock after buying an additional 45,281 shares during the quarter. SIFCO Industries comprises approximately 1.1% of Minerva Advisors LLC’s investment portfolio, making the stock its 22nd biggest holding. Minerva Advisors LLC owned 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.

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.