SIFCO Industries (NYSE:SIF) Coverage Initiated by Analysts at StockNews.com

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

SIFCO Industries Trading Down 4.3 %

Shares of NYSE SIF opened at $3.55 on Monday. The company has a market cap of $21.90 million, a price-to-earnings ratio of -2.63 and a beta of 1.19. The stock’s 50 day simple moving average is $3.68 and its 200 day simple moving average is $3.87. The company has a current ratio of 0.99, a quick ratio of 0.75 and a debt-to-equity ratio of 0.12. SIFCO Industries has a 12-month low of $2.87 and a 12-month high of $5.96.

Institutional Investors Weigh In On SIFCO Industries

A hedge fund recently raised its stake in SIFCO Industries stock. Minerva Advisors LLC lifted its stake in shares of SIFCO Industries, Inc. (NYSE:SIF) by 12.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 423,889 shares of the company’s stock after purchasing an additional 45,281 shares during the quarter. SIFCO Industries comprises about 1.1% of Minerva Advisors LLC’s investment portfolio, making the stock its 22nd largest holding. Minerva Advisors LLC owned 6.86% of SIFCO Industries worth $1,971,000 as of its most recent filing with the Securities & Exchange Commission. 24.20% of the stock is currently 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.