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

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

SIFCO Industries Price Performance

SIF stock opened at $3.59 on Friday. SIFCO Industries has a 1 year low of $2.87 and a 1 year high of $5.96. The firm has a market capitalization of $22.19 million, a P/E ratio of -2.55 and a beta of 1.23. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.99 and a quick ratio of 0.75. The business’s 50-day moving average is $4.38 and its two-hundred day moving average is $3.71.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in SIFCO Industries stock. Minerva Advisors LLC raised its position in SIFCO Industries, Inc. (NYSE:SIF) by 12.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 423,889 shares of the company’s stock after acquiring an additional 45,281 shares during the period. SIFCO Industries makes up 1.1% of Minerva Advisors LLC’s investment 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 quarter. Institutional investors own 24.20% of the company’s stock.

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.