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

Analysts at StockNews.com assumed coverage on shares of SIFCO Industries (NYSE:SIF) in a research report issued to clients and investors on Saturday. The brokerage set a “buy” rating on the stock.

SIFCO Industries Trading Down 1.9 %

Shares of NYSE SIF opened at $2.37 on Friday. The firm has a market capitalization of $14.54 million, a PE ratio of -3.33 and a beta of 0.98. SIFCO Industries has a one year low of $2.40 and a one year high of $5.96. The business has a 50-day moving average price of $2.91 and a two-hundred day moving average price of $3.48.

Institutional Trading of SIFCO Industries

A hedge fund recently raised its stake in SIFCO Industries stock. Renaissance Technologies LLC boosted its stake in shares of SIFCO Industries, Inc. (NYSE:SIF) by 17.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,734 shares of the company’s stock after purchasing an additional 7,900 shares during the quarter. Renaissance Technologies LLC owned about 0.85% of SIFCO Industries worth $187,000 at the end of the most recent quarter. 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.