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

Research analysts at StockNews.com started 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 Stock Performance

SIFCO Industries stock opened at $2.80 on Thursday. The stock has a market capitalization of $17.21 million, a price-to-earnings ratio of -3.94 and a beta of 1.26. SIFCO Industries has a 52-week low of $2.73 and a 52-week high of $5.96. The stock’s 50 day moving average price is $3.24 and its two-hundred day moving average price is $3.68.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in SIFCO Industries stock. Minerva Advisors LLC boosted 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 Securities and Exchange Commission. The fund owned 466,751 shares of the company’s stock after purchasing an additional 42,862 shares during the period. SIFCO Industries comprises approximately 1.0% of Minerva Advisors LLC’s portfolio, making the stock its 24th biggest holding. Minerva Advisors LLC owned 7.56% of SIFCO Industries worth $1,754,000 at the end of the most recent reporting period. 24.20% of the stock is 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.