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

Equities researchers at StockNews.com assumed coverage on shares of SIFCO Industries (NYSE:SIF) in a research report issued to clients and investors on Tuesday. The firm set a “buy” rating on the stock.

SIFCO Industries Stock Performance

NYSE SIF opened at $3.75 on Tuesday. The company has a fifty day moving average price of $4.08 and a 200-day moving average price of $3.75. The firm has a market cap of $23.18 million, a price-to-earnings ratio of -2.78 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. 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

A hedge fund recently raised its stake in SIFCO Industries stock. Minerva Advisors LLC increased its holdings in shares of SIFCO Industries, Inc. (NYSE:SIF) by 12.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 423,889 shares of the company’s stock after acquiring an additional 45,281 shares during the quarter. SIFCO Industries makes up about 1.1% of Minerva Advisors LLC’s holdings, making the stock its 22nd largest position. Minerva Advisors LLC owned about 6.86% of SIFCO Industries worth $1,971,000 at the end of the most recent quarter. 24.20% of the stock is currently owned by institutional investors.

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.