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

StockNews.com started coverage on shares of SIFCO Industries (NYSE:SIF) in a research report sent to investors on Sunday. The firm issued a buy rating on the stock.

SIFCO Industries Stock Performance

Shares of NYSE:SIF opened at $2.76 on Friday. The company has a market capitalization of $16.93 million, a PE ratio of -3.88 and a beta of 0.98. The stock has a fifty day moving average of $2.77 and a 200-day moving average of $3.40. SIFCO Industries has a one year low of $2.33 and a one year high of $5.96.

Institutional Investors Weigh In On SIFCO Industries

An institutional investor recently raised its position in SIFCO Industries stock. Renaissance Technologies LLC lifted its stake in shares of SIFCO Industries, Inc. (NYSE:SIF) by 17.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,734 shares of the company’s stock after acquiring an additional 7,900 shares during the quarter. Renaissance Technologies LLC owned 0.85% of SIFCO Industries worth $187,000 at the end of the most recent reporting period. 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.