StockNews.com Initiates Coverage on SIFCO Industries (NYSE:SIF)

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

SIFCO Industries Stock Up 9.3 %

SIFCO Industries stock opened at $4.00 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.75 and a debt-to-equity ratio of 0.12. SIFCO Industries has a 1-year low of $2.87 and a 1-year high of $5.96. The company has a fifty day simple moving average of $3.84 and a 200 day simple moving average of $3.82. The company has a market cap of $24.72 million, a P/E ratio of -2.96 and a beta of 1.22.

Institutional Trading of SIFCO Industries

A hedge fund recently raised its stake in SIFCO Industries stock. Minerva Advisors LLC grew its stake in shares of SIFCO Industries, Inc. (NYSE:SIF) by 12.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 423,889 shares of the company’s stock after purchasing an additional 45,281 shares during the quarter. SIFCO Industries comprises about 1.1% of Minerva Advisors LLC’s portfolio, making the stock its 22nd biggest holding. Minerva Advisors LLC owned about 6.86% of SIFCO Industries worth $1,971,000 as of its most recent filing with the Securities & Exchange Commission. 24.20% of the stock is currently 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.