SIFCO Industries (NYSE:SIF) Now Covered by StockNews.com

Research analysts at StockNews.com assumed coverage on shares of SIFCO Industries (NYSE:SIF) in a research report issued to clients and investors on Tuesday. The firm set a “buy” rating on the stock.

SIFCO Industries Stock Performance

Shares of SIF stock opened at $2.83 on Tuesday. The stock’s 50 day simple moving average is $3.43 and its 200 day simple moving average is $3.85. SIFCO Industries has a twelve month low of $2.77 and a twelve month high of $5.96. The company has a market capitalization of $17.40 million, a price-to-earnings ratio of -3.99 and a beta of 1.26.

Institutional Inflows and Outflows

An institutional investor recently raised its position in SIFCO Industries stock. Renaissance Technologies LLC boosted its holdings in SIFCO Industries, Inc. (NYSE:SIF) by 17.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,734 shares of the company’s stock after buying 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. 24.20% of the stock is currently owned by institutional investors.

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.