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

Equities researchers at StockNews.com assumed coverage on shares of SIFCO Industries (NYSE:SIF) in a research report issued to clients and investors on Sunday. The firm set a “buy” rating on the stock.

SIFCO Industries Trading Up 0.2 %

NYSE SIF opened at $3.27 on Friday. The business’s 50-day moving average price is $3.55 and its two-hundred day moving average price is $3.92. SIFCO Industries has a 12 month low of $2.90 and a 12 month high of $5.96. The firm has a market capitalization of $20.07 million, a PE ratio of -4.60 and a beta of 1.20.

Institutional Investors Weigh In On 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 its most recent filing with the Securities and Exchange Commission. The fund owned 423,889 shares of the company’s stock after buying an additional 45,281 shares during the period. SIFCO Industries comprises about 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 as of its most recent filing with the Securities and Exchange Commission. 24.20% of the stock is currently owned by hedge funds and other institutional investors.

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.