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

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

SIFCO Industries Stock Performance

Shares of SIF stock opened at $3.65 on Monday. The stock’s fifty day moving average price is $3.68 and its two-hundred day moving average price is $3.86. The company has a market cap of $22.52 million, a PE ratio of -2.70 and a beta of 1.19. SIFCO Industries has a fifty-two week low of $2.87 and a fifty-two week high of $5.96. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.75 and a current ratio of 0.99.

Institutional Investors Weigh In On SIFCO Industries

An institutional investor recently raised its position in SIFCO Industries stock. Minerva Advisors LLC lifted its position in shares of SIFCO Industries, Inc. (NYSE:SIF) by 12.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 423,889 shares of the company’s stock after acquiring an additional 45,281 shares during the quarter. SIFCO Industries makes up approximately 1.1% of Minerva Advisors LLC’s portfolio, making the stock its 22nd biggest position. Minerva Advisors LLC owned 6.86% of SIFCO Industries worth $1,971,000 at the end of the most recent reporting period. 24.20% of the stock is currently owned by institutional investors and hedge funds.

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.