SIFCO Industries (NYSE:SIF) Earns Buy Rating from Analysts at StockNews.com

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

SIFCO Industries Trading Up 0.2 %

Shares of SIFCO Industries stock opened at $2.97 on Monday. The stock has a market capitalization of $18.23 million, a price-to-earnings ratio of -4.18 and a beta of 1.26. SIFCO Industries has a 1-year low of $2.90 and a 1-year high of $5.96. The firm’s 50-day moving average price is $3.52 and its two-hundred day moving average price is $3.90.

Institutional Trading of SIFCO Industries

A hedge fund recently raised its stake in SIFCO Industries stock. Minerva Advisors LLC increased its stake in shares of SIFCO Industries, Inc. (NYSE:SIF) 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 purchasing an additional 45,281 shares during the quarter. 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 (SEC). 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.