StockNews.com Initiates Coverage on SIFCO Industries (NYSE:SIF)

Stock analysts at StockNews.com initiated coverage on shares of SIFCO Industries (NYSE:SIF) in a research note issued on Wednesday. The brokerage set a “buy” rating on the stock.

SIFCO Industries Stock Performance

Shares of SIFCO Industries stock opened at $3.76 on Wednesday. The company has a 50-day simple moving average of $3.69 and a two-hundred day simple moving average of $3.90. The stock has a market capitalization of $23.17 million, a PE ratio of -4.17 and a beta of 1.19. SIFCO Industries has a 52-week low of $2.90 and a 52-week high of $5.96.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in SIFCO Industries stock. Minerva Advisors LLC boosted its stake in shares of SIFCO Industries, Inc. (NYSE:SIF) by 12.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 423,889 shares of the company’s stock after purchasing an additional 45,281 shares during the period. SIFCO Industries comprises 1.1% of Minerva Advisors LLC’s portfolio, making the stock its 22nd largest holding. Minerva Advisors LLC owned about 6.86% of SIFCO Industries worth $1,971,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 24.20% of the company’s stock.

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.