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

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

SIFCO Industries Stock Up 3.2 %

NYSE SIF opened at $3.88 on Wednesday. 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 company has a market capitalization of $23.98 million, a P/E ratio of -2.87 and a beta of 1.22. SIFCO Industries has a one year low of $2.87 and a one year high of $5.96. The stock has a 50 day moving average price of $3.99 and a 200-day moving average price of $3.77.

Institutional Trading of SIFCO Industries

An institutional investor recently raised its position in SIFCO Industries stock. Minerva Advisors LLC increased its stake in SIFCO Industries, Inc. (NYSE:SIF) by 12.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 423,889 shares of the company’s stock after buying an additional 45,281 shares during the quarter. SIFCO Industries comprises approximately 1.1% of Minerva Advisors LLC’s holdings, making the stock its 22nd largest holding. 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 owned by hedge funds and other 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.