Stock analysts at StockNews.com started coverage on shares of SIFCO Industries (NYSE:SIF – Get Free Report) in a report issued on Wednesday. The brokerage set a “buy” rating on the stock.
SIFCO Industries Stock Performance
Shares of SIFCO Industries stock opened at $3.83 on Wednesday. SIFCO Industries has a one year low of $2.87 and a one year high of $5.96. The firm has a market capitalization of $23.64 million, a price-to-earnings ratio of -2.83 and a beta of 1.22. The business has a 50-day simple moving average of $4.00 and a 200 day simple moving average of $3.77. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.99 and a quick ratio of 0.75.
Hedge Funds Weigh In On SIFCO Industries
An institutional investor recently raised its position in SIFCO Industries stock. Minerva Advisors LLC raised its stake in shares of SIFCO Industries, Inc. (NYSE:SIF – Free Report) by 12.0% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 423,889 shares of the company’s stock after purchasing an additional 45,281 shares during the period. SIFCO Industries makes up approximately 1.1% of Minerva Advisors LLC’s portfolio, making the stock its 22nd biggest holding. Minerva Advisors LLC owned about 6.86% of SIFCO Industries worth $1,971,000 as of its most recent SEC filing. 24.20% of the stock is 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.
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