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

Investment analysts at StockNews.com initiated coverage on shares of SIFCO Industries (NYSE:SIF) in a report issued on Thursday. The brokerage set a “buy” rating on the stock.

SIFCO Industries Trading Down 0.6 %

NYSE SIF opened at $3.88 on Thursday. The firm’s fifty day moving average is $3.91 and its two-hundred day moving average is $3.79. SIFCO Industries has a one year low of $2.87 and a one year high of $5.96. 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 firm has a market cap of $23.95 million, a PE ratio of -2.87 and a beta of 1.22.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in SIFCO Industries stock. Minerva Advisors LLC raised its position in SIFCO Industries, Inc. (NYSE:SIF) by 12.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 423,889 shares of the company’s stock after buying an additional 45,281 shares during the quarter. SIFCO Industries comprises about 1.1% of Minerva Advisors LLC’s holdings, making the stock its 22nd largest position. Minerva Advisors LLC owned approximately 6.86% of SIFCO Industries worth $1,971,000 at the end of the most recent reporting period. 24.20% of the stock is currently owned by institutional investors and hedge funds.

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.