SIFCO Industries (NYSE:SIF) Coverage Initiated by Analysts at StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of SIFCO Industries (NYSE:SIF) in a report released on Saturday. The firm set a “buy” rating on the stock.

SIFCO Industries Trading Up 2.8 %

Shares of SIFCO Industries stock opened at $3.65 on Friday. The firm has a market cap of $22.56 million, a PE ratio of -2.70 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 fifty-two week low of $2.87 and a fifty-two week high of $5.96. The business’s fifty day moving average is $3.73 and its two-hundred day moving average is $3.82.

Institutional Trading of SIFCO Industries

An institutional investor recently raised its position in SIFCO Industries stock. Minerva Advisors LLC raised its stake in SIFCO Industries, Inc. (NYSE:SIF) by 12.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 423,889 shares of the company’s stock after purchasing an additional 45,281 shares during the quarter. SIFCO Industries comprises approximately 1.1% of Minerva Advisors LLC’s holdings, making the stock its 22nd biggest holding. Minerva Advisors LLC owned approximately 6.86% of SIFCO Industries worth $1,971,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 24.20% of the company’s stock.

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.