SIFCO Industries (NYSE:SIF) Now Covered by Analysts at StockNews.com

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

SIFCO Industries Stock Up 2.0 %

Shares of NYSE:SIF opened at $3.83 on Wednesday. The firm has a market cap of $23.64 million, a P/E ratio of -2.83 and a beta of 1.22. The company has a quick ratio of 0.75, a current ratio of 0.99 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. The business has a fifty day simple moving average of $4.00 and a 200 day simple moving average of $3.77.

Institutional Inflows and Outflows

An institutional investor recently raised its position in SIFCO Industries stock. Minerva Advisors LLC lifted its holdings in SIFCO Industries, Inc. (NYSE:SIF) by 12.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 423,889 shares of the company’s stock after acquiring an additional 45,281 shares during the period. SIFCO Industries makes up approximately 1.1% of Minerva Advisors LLC’s portfolio, making the stock its 22nd biggest position. Minerva Advisors LLC owned approximately 6.86% of SIFCO Industries worth $1,971,000 at the end of the most recent quarter. Hedge funds and other 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.