SIFCO Industries (NYSE:SIF) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of SIFCO Industries (NYSE:SIFFree Report) in a research report report published on Monday morning. The firm issued a buy rating on the stock.

SIFCO Industries Price Performance

SIF stock opened at $3.71 on Monday. The stock has a market cap of $22.89 million, a PE ratio of -2.75 and a beta of 1.19. The stock has a 50-day moving average price of $3.68 and a two-hundred day moving average price of $3.86. SIFCO Industries has a 1 year low of $2.87 and a 1 year high of $5.96. The company has a current ratio of 0.99, a quick ratio of 0.75 and a debt-to-equity ratio of 0.12.

Institutional Trading of SIFCO Industries

A hedge fund recently raised its stake in SIFCO Industries stock. Minerva Advisors LLC lifted its position in shares of SIFCO Industries, Inc. (NYSE:SIFFree Report) by 12.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 423,889 shares of the company’s stock after purchasing an additional 45,281 shares during the period. SIFCO Industries accounts for 1.1% of Minerva Advisors LLC’s portfolio, 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 hedge funds and other institutional investors.

SIFCO Industries Company Profile

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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.

Further Reading

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