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

Stock analysts at StockNews.com initiated coverage on shares of SIFCO Industries (NYSE:SIF) in a note issued to investors on Thursday. The firm set a “buy” rating on the stock.

SIFCO Industries Stock Performance

Shares of SIF stock opened at $3.88 on Thursday. The stock has a market cap of $23.95 million, a PE ratio of -2.87 and a beta of 1.22. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.75 and a current ratio of 0.99. SIFCO Industries has a 1 year low of $2.87 and a 1 year high of $5.96. The stock has a fifty day moving average price of $3.91 and a 200 day moving average price of $3.79.

Institutional Inflows and Outflows

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

About SIFCO Industries

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.