SIFCO Industries (NYSE:SIF) Earns Buy Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of SIFCO Industries (NYSE:SIF) in a report issued on Wednesday morning. The firm issued a buy rating on the stock.

SIFCO Industries Trading Up 0.4 %

Shares of SIF opened at $2.80 on Wednesday. SIFCO Industries has a 12-month low of $2.77 and a 12-month high of $5.96. The firm has a market capitalization of $17.21 million, a P/E ratio of -3.94 and a beta of 1.26. The firm has a 50-day moving average price of $3.32 and a 200 day moving average price of $3.75.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in SIFCO Industries stock. Renaissance Technologies LLC raised its stake in shares of SIFCO Industries, Inc. (NYSE:SIF) by 17.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,734 shares of the company’s stock after acquiring an additional 7,900 shares during the period. Renaissance Technologies LLC owned approximately 0.85% of SIFCO Industries worth $187,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 24.20% of the company’s stock.

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.