Research analysts at StockNews.com assumed coverage on shares of SIFCO Industries (NYSE:SIF – Get Free Report) in a note issued to investors on Sunday. The firm set a “buy” rating on the stock.
SIFCO Industries Price Performance
NYSE SIF opened at $3.67 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.99 and a quick ratio of 0.75. SIFCO Industries has a 1-year low of $2.87 and a 1-year high of $5.96. The stock has a market capitalization of $22.64 million, a price-to-earnings ratio of -2.72 and a beta of 1.22. The business’s fifty day moving average price is $3.68 and its 200-day moving average price is $3.83.
Hedge Funds Weigh In On SIFCO Industries
An institutional investor recently raised its position in SIFCO Industries stock. Minerva Advisors LLC grew its holdings in SIFCO Industries, Inc. (NYSE:SIF – Free Report) by 12.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 423,889 shares of the company’s stock after acquiring an additional 45,281 shares during the period. SIFCO Industries accounts for 1.1% of Minerva Advisors LLC’s portfolio, 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. 24.20% of the stock is currently owned by institutional investors and hedge funds.
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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