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

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

SIFCO Industries Price Performance

SIF opened at $2.83 on Tuesday. SIFCO Industries has a fifty-two week low of $2.77 and a fifty-two week high of $5.96. The business has a 50-day moving average of $3.43 and a 200-day moving average of $3.85. The company has a market capitalization of $17.40 million, a PE ratio of -3.99 and a beta of 1.26.

Institutional Investors Weigh In On SIFCO Industries

A hedge fund recently raised its stake in SIFCO Industries stock. Renaissance Technologies LLC lifted its stake in SIFCO Industries, Inc. (NYSE:SIF) by 17.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 52,734 shares of the company’s stock after acquiring an additional 7,900 shares during the period. Renaissance Technologies LLC owned 0.85% of SIFCO Industries worth $187,000 at the end of the most recent reporting period. 24.20% of the stock is currently owned by institutional investors.

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.