Investment analysts at StockNews.com assumed coverage on shares of SIFCO Industries (NYSE:SIF – Get Free Report) in a research report issued to clients and investors on Sunday. The brokerage set a “buy” rating on the stock.
SIFCO Industries Stock Up 0.3 %
NYSE:SIF opened at $3.67 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.75 and a current ratio of 0.99. The firm has a market cap of $22.64 million, a P/E ratio of -2.72 and a beta of 1.22. SIFCO Industries has a fifty-two week low of $2.87 and a fifty-two week high of $5.96. The firm has a 50-day simple moving average of $3.68 and a two-hundred day simple moving average of $3.83.
Institutional Trading of SIFCO Industries
A hedge fund recently raised its stake in SIFCO Industries stock. Minerva Advisors LLC lifted its holdings in shares of SIFCO Industries, Inc. (NYSE:SIF – Free Report) by 12.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 423,889 shares of the company’s stock after buying an additional 45,281 shares during the period. SIFCO Industries makes up 1.1% of Minerva Advisors LLC’s portfolio, making the stock its 22nd biggest position. Minerva Advisors LLC owned about 6.86% of SIFCO Industries worth $1,971,000 as of its most recent SEC filing. Institutional investors 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.
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