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

StockNews.com started coverage on shares of SIFCO Industries (NYSE:SIF) in a research report sent to investors on Friday morning. The firm issued a buy rating on the stock.

SIFCO Industries Trading Down 1.5 %

Shares of SIFCO Industries stock opened at $2.59 on Friday. SIFCO Industries has a twelve month low of $2.45 and a twelve month high of $5.96. The firm has a market capitalization of $15.92 million, a PE ratio of -3.65 and a beta of 0.98. The firm’s 50-day moving average price is $3.04 and its 200 day moving average price is $3.56.

Institutional Trading of SIFCO Industries

A hedge fund recently raised its stake in SIFCO Industries stock. Renaissance Technologies LLC increased its holdings in shares of SIFCO Industries, Inc. (NYSE:SIF) by 17.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 52,734 shares of the company’s stock after acquiring an additional 7,900 shares during the quarter. Renaissance Technologies LLC owned about 0.85% of SIFCO Industries worth $187,000 at the end of the most recent reporting period. 24.20% of the stock is currently owned by institutional investors.

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.