SIFCO Industries (NYSE:SIF) Earns Buy Rating from Analysts at Wall Street Zen

Equities researchers at Wall Street Zen assumed coverage on shares of SIFCO Industries (NYSE:SIF) in a report issued on Wednesday. The brokerage set a “buy” rating on the stock.

SIFCO Industries Price Performance

NYSE SIF opened at $2.98 on Wednesday. The company’s 50 day simple moving average is $2.74 and its 200 day simple moving average is $3.27. SIFCO Industries has a 12 month low of $2.33 and a 12 month high of $5.96. The company has a market capitalization of $18.32 million, a P/E ratio of -4.20 and a beta of 1.04.

Institutional Trading of SIFCO Industries

A hedge fund recently raised its stake in SIFCO Industries stock. Renaissance Technologies LLC increased its holdings in SIFCO Industries, Inc. (NYSE:SIF) by 17.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,734 shares of the company’s stock after purchasing 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 quarter. 24.20% of the stock is currently owned by institutional investors and hedge funds.

About SIFCO Industries

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.