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

Analysts at StockNews.com began coverage on shares of SIFCO Industries (NYSE:SIF) in a report released on Monday. The brokerage set a “buy” rating on the stock.

SIFCO Industries Price Performance

Shares of NYSE SIF opened at $2.97 on Monday. The company’s 50 day simple moving average is $3.52 and its 200 day simple moving average is $3.90. SIFCO Industries has a fifty-two week low of $2.90 and a fifty-two week high of $5.96. The firm has a market capitalization of $18.23 million, a P/E ratio of -4.18 and a beta of 1.26.

Hedge Funds Weigh In On SIFCO Industries

An institutional investor recently raised its position in SIFCO Industries stock. Minerva Advisors LLC grew its position in SIFCO Industries, Inc. (NYSE:SIF) by 10.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 466,751 shares of the company’s stock after purchasing an additional 42,862 shares during the period. SIFCO Industries comprises about 1.0% of Minerva Advisors LLC’s portfolio, making the stock its 24th largest position. Minerva Advisors LLC owned approximately 7.56% of SIFCO Industries worth $1,754,000 at the end of the most recent reporting period. Institutional investors and hedge funds 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.