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

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

SIFCO Industries Stock Up 2.8 %

Shares of NYSE:SIF opened at $3.65 on Friday. The stock has a 50-day simple moving average of $3.73 and a 200-day simple moving average of $3.82. The stock has a market capitalization of $22.56 million, a P/E ratio of -2.70 and a beta of 1.22. SIFCO Industries has a 1 year low of $2.87 and a 1 year high of $5.96. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.75 and a current ratio of 0.99.

Institutional Investors Weigh In On SIFCO Industries

An institutional investor recently raised its position in SIFCO Industries stock. Minerva Advisors LLC lifted its holdings 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 and Exchange Commission. The institutional investor owned 423,889 shares of the company’s stock after acquiring 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 biggest holding. Minerva Advisors LLC owned approximately 6.86% of SIFCO Industries worth $1,971,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 24.20% of the company’s stock.

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.