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

Research analysts at StockNews.com started coverage on shares of SIFCO Industries (NYSE:SIF) in a research report issued on Saturday. The firm set a “buy” rating on the stock.

SIFCO Industries Trading Down 0.0 %

NYSE:SIF opened at $3.29 on Friday. The stock has a market capitalization of $20.23 million, a price-to-earnings ratio of -4.63 and a beta of 1.20. The firm has a fifty day simple moving average of $3.62 and a two-hundred day simple moving average of $3.93. SIFCO Industries has a 12 month low of $2.90 and a 12 month high of $5.96.

Institutional Inflows and Outflows

An institutional investor recently raised its position in SIFCO Industries stock. Renaissance Technologies LLC raised its holdings in SIFCO Industries, Inc. (NYSE:SIF) by 17.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,734 shares of the company’s stock after buying an additional 7,900 shares during the period. Renaissance Technologies LLC owned about 0.85% of SIFCO Industries worth $187,000 as of its most recent filing with the Securities and Exchange Commission. 24.20% of the stock is currently owned by 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.