Equities researchers at StockNews.com assumed coverage on shares of SIFCO Industries (NYSE:SIF – Get Free Report) in a research note issued on Friday. The firm set a “buy” rating on the stock.
SIFCO Industries Trading Up 1.1 %
Shares of SIF stock opened at $3.66 on Friday. SIFCO Industries has a fifty-two week low of $2.87 and a fifty-two week high of $5.96. The company has a 50 day moving average price of $3.85 and a 200 day moving average price of $3.81. The stock has a market capitalization of $22.62 million, a P/E ratio of -2.71 and a beta of 1.22. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.75 and a current ratio of 0.99.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in SIFCO Industries stock. Minerva Advisors LLC boosted its position in shares of SIFCO Industries, Inc. (NYSE:SIF – Free Report) by 12.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 423,889 shares of the company’s stock after acquiring an additional 45,281 shares during the period. SIFCO Industries comprises 1.1% of Minerva Advisors LLC’s investment portfolio, making the stock its 22nd biggest holding. Minerva Advisors LLC owned about 6.86% of SIFCO Industries worth $1,971,000 at the end of the most recent reporting period. Institutional investors own 24.20% of the company’s stock.
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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