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

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

SIFCO Industries Stock Performance

NYSE:SIF opened at $3.71 on Tuesday. The company has a market capitalization of $22.86 million, a price-to-earnings ratio of -4.12 and a beta of 1.19. The stock has a 50-day simple moving average of $3.68 and a 200 day simple moving average of $3.88. SIFCO Industries has a one year low of $2.90 and a one year high of $5.96.

Institutional Investors Weigh In On SIFCO Industries

An institutional investor recently raised its position in SIFCO Industries stock. Minerva Advisors LLC boosted its position in shares of SIFCO Industries, Inc. (NYSE:SIF) by 12.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 423,889 shares of the company’s stock after buying an additional 45,281 shares during the quarter. SIFCO Industries makes up approximately 1.1% of Minerva Advisors LLC’s holdings, making the stock its 22nd largest holding. Minerva Advisors LLC owned about 6.86% of SIFCO Industries worth $1,971,000 as of its most recent filing with the SEC. 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.