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

StockNews.com initiated coverage on shares of SIFCO Industries (NYSE:SIF) in a research report released on Tuesday morning. The brokerage issued a buy rating on the stock.

SIFCO Industries Price Performance

SIF opened at $3.90 on Tuesday. 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 company has a market capitalization of $24.10 million, a price-to-earnings ratio of -2.89 and a beta of 1.23. The firm’s fifty day moving average price is $4.10 and its two-hundred day moving average price is $3.75. SIFCO Industries has a 1 year low of $2.87 and a 1 year high of $5.96.

Hedge Funds Weigh In On SIFCO Industries

An institutional investor recently raised its position in SIFCO Industries stock. Minerva Advisors LLC increased its stake in SIFCO Industries, Inc. (NYSE:SIF) by 12.0% during the third quarter, according to its most recent filing with the SEC. The fund owned 423,889 shares of the company’s stock after buying an additional 45,281 shares during the quarter. SIFCO Industries accounts for approximately 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 as of its most recent SEC filing. 24.20% of the stock is 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.