Stock analysts at StockNews.com assumed coverage on shares of SIFCO Industries (NYSE:SIF – Get Free Report) in a report released on Wednesday. The brokerage set a “buy” rating on the stock.
SIFCO Industries Price Performance
NYSE:SIF opened at $2.79 on Wednesday. The company has a market cap of $17.15 million, a P/E ratio of -3.93 and a beta of 1.26. The firm’s 50 day moving average is $3.33 and its two-hundred day moving average is $3.76. SIFCO Industries has a fifty-two week low of $2.77 and a fifty-two week high of $5.96.
Institutional Investors Weigh In On SIFCO Industries
A hedge fund recently raised its stake in SIFCO Industries stock. Renaissance Technologies LLC grew its position in SIFCO Industries, Inc. (NYSE:SIF – Free Report) by 17.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,734 shares of the company’s stock after purchasing an additional 7,900 shares during the period. Renaissance Technologies LLC owned approximately 0.85% of SIFCO Industries worth $187,000 as of its most recent SEC filing. 24.20% of the stock is owned by hedge funds and other 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.
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