StockNews.com Initiates Coverage on SIFCO Industries (NYSE:SIF)

StockNews.com started coverage on shares of SIFCO Industries (NYSE:SIF) in a research note published on Thursday. The brokerage issued a buy rating on the stock.

SIFCO Industries Stock Performance

SIF opened at $3.13 on Thursday. The stock’s 50 day simple moving average is $3.13 and its 200 day simple moving average is $3.54. The stock has a market cap of $19.28 million, a P/E ratio of -1.94 and a beta of 1.13. SIFCO Industries has a 1-year low of $2.28 and a 1-year high of $4.95. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.99 and a quick ratio of 0.73.

SIFCO Industries (NYSE:SIF) last announced its quarterly earnings results on Wednesday, February 14th. The company reported ($0.57) earnings per share (EPS) for the quarter. SIFCO Industries had a negative net margin of 10.98% and a negative return on equity of 24.45%. The business had revenue of $21.05 million during the quarter.

Institutional Trading of SIFCO Industries

An institutional investor recently bought a new position in SIFCO Industries stock. Investment Partners LTD. purchased a new position in SIFCO Industries, Inc. (NYSE:SIF) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 57,541 shares of the company’s stock, valued at approximately $211,000. Investment Partners LTD. owned 0.94% of SIFCO Industries as of its most recent SEC filing. 24.20% of the stock is currently owned by institutional investors and hedge funds.

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.