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

StockNews.com started coverage on shares of SIFCO Industries (NYSE:SIF) in a report issued on Wednesday. The brokerage issued a buy rating on the stock.

SIFCO Industries Stock Up 0.4 %

SIF opened at $2.80 on Wednesday. The firm’s fifty day simple moving average is $3.32 and its two-hundred day simple moving average is $3.75. SIFCO Industries has a 52-week low of $2.77 and a 52-week high of $5.96. The company has a market cap of $17.21 million, a price-to-earnings ratio of -3.94 and a beta of 1.26.

Institutional Investors Weigh In On SIFCO Industries

A hedge fund recently raised its stake in SIFCO Industries stock. Renaissance Technologies LLC lifted its position in SIFCO Industries, Inc. (NYSE:SIF) by 17.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,734 shares of the company’s stock after acquiring an additional 7,900 shares during the period. Renaissance Technologies LLC owned 0.85% of SIFCO Industries worth $187,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds 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.