StockNews.com started coverage on shares of SIFCO Industries (NYSE:SIF – Free Report) in a research report report published on Thursday. The brokerage issued a buy rating on the stock.
SIFCO Industries Stock Performance
NYSE SIF opened at $2.62 on Thursday. The firm has a market capitalization of $16.11 million, a PE ratio of -3.69 and a beta of 0.98. SIFCO Industries has a one year low of $2.63 and a one year high of $5.96. The company has a 50-day simple moving average of $3.20 and a 200-day simple moving average of $3.66.
Institutional Investors Weigh In On SIFCO Industries
A hedge fund recently raised its stake in SIFCO Industries stock. Renaissance Technologies LLC grew its stake in shares of SIFCO Industries, Inc. (NYSE:SIF – Free Report) by 17.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,734 shares of the company’s stock after buying an additional 7,900 shares during the quarter. Renaissance Technologies LLC owned about 0.85% of SIFCO Industries worth $187,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 24.20% of the company’s stock.
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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