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

Investment analysts at StockNews.com began coverage on shares of SIFCO Industries (NYSE:SIF) in a report released on Saturday. The brokerage set a “buy” rating on the stock.

SIFCO Industries Stock Performance

Shares of SIF stock opened at $3.58 on Friday. The company has a market capitalization of $22.12 million, a P/E ratio of -2.65 and a beta of 1.24. SIFCO Industries has a 52 week low of $2.87 and a 52 week 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. The company’s 50 day moving average price is $4.45 and its two-hundred day moving average price is $3.69.

SIFCO Industries (NYSE:SIF) last announced its earnings results on Monday, August 12th. The company reported $0.01 earnings per share (EPS) for the quarter. SIFCO Industries had a negative return on equity of 25.72% and a negative net margin of 7.92%. The business had revenue of $29.26 million for the quarter.

About SIFCO Industries

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.