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

Investment analysts at StockNews.com initiated coverage on shares of SIFCO Industries (NYSE:SIF) in a research report issued to clients and investors on Wednesday. The firm set a “buy” rating on the stock.

SIFCO Industries Price Performance

Shares of NYSE SIF opened at $3.73 on Wednesday. The company has a 50 day simple moving average of $3.70 and a 200-day simple moving average of $3.90. The company has a market capitalization of $23.04 million, a P/E ratio of -4.15 and a beta of 1.19. SIFCO Industries has a 1 year low of $2.90 and a 1 year high of $5.96.

Institutional Trading of SIFCO Industries

An institutional investor recently raised its position in SIFCO Industries stock. Minerva Advisors LLC lifted its position in shares of SIFCO Industries, Inc. (NYSE:SIF) by 12.0% in the third 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 buying an additional 45,281 shares during the period. SIFCO Industries makes up approximately 1.1% of Minerva Advisors LLC’s portfolio, making the stock its 22nd largest position. Minerva Advisors LLC owned about 6.86% of SIFCO Industries worth $1,971,000 at the end of the most recent quarter. 24.20% of the stock is currently owned by institutional investors and hedge funds.

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.