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

StockNews.com assumed coverage on shares of SIFCO Industries (NYSE:SIFGet Free Report) in a research report issued to clients and investors on Monday. The brokerage set a “buy” rating on the stock.

SIFCO Industries Stock Performance

Shares of SIFCO Industries stock opened at $3.52 on Monday. The company has a quick ratio of 0.75, a current ratio of 0.99 and a debt-to-equity ratio of 0.12. SIFCO Industries has a 52 week low of $2.87 and a 52 week high of $5.96. The firm’s 50 day moving average is $4.20 and its two-hundred day moving average is $3.73. The firm has a market capitalization of $21.75 million, a P/E ratio of -2.62 and a beta of 1.23.

Institutional Investors Weigh In On 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:SIFFree Report) by 12.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 423,889 shares of the company’s stock after purchasing an additional 45,281 shares during the period. SIFCO Industries comprises about 1.1% of Minerva Advisors LLC’s holdings, making the stock its 22nd largest position. Minerva Advisors LLC owned 6.86% of SIFCO Industries worth $1,971,000 at the end of the most recent reporting period. Institutional investors own 24.20% of the company’s stock.

SIFCO Industries Company Profile

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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.

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