SIFCO Industries (NYSE:SIF) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of SIFCO Industries (NYSE:SIF) in a research report report published on Saturday morning. The brokerage issued a buy rating on the stock.

SIFCO Industries Price Performance

NYSE:SIF opened at $3.65 on Friday. SIFCO Industries has a one year low of $2.87 and a one year high of $5.96. The stock has a market cap of $22.56 million, a PE ratio of -2.70 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. The stock has a 50 day moving average price of $3.73 and a 200 day moving average price of $3.82.

Institutional Investors Weigh In On SIFCO Industries

An institutional investor recently raised its position in SIFCO Industries stock. Minerva Advisors LLC raised its holdings in SIFCO Industries, Inc. (NYSE:SIF) by 12.0% during the third quarter, according to its most recent disclosure 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 quarter. SIFCO Industries accounts for 1.1% of Minerva Advisors LLC’s holdings, making the stock its 22nd largest holding. Minerva Advisors LLC owned 6.86% of SIFCO Industries worth $1,971,000 as of its most recent SEC filing. Hedge funds and other 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.