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

Research analysts at StockNews.com initiated coverage on shares of SIFCO Industries (NYSE:SIF) in a note issued to investors on Tuesday. The brokerage set a “buy” rating on the stock.

SIFCO Industries Stock Performance

SIF opened at $3.05 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.99 and a quick ratio of 0.73. The business has a fifty day simple moving average of $3.16 and a 200 day simple moving average of $3.66. SIFCO Industries has a 1 year low of $2.28 and a 1 year high of $4.95. The company has a market capitalization of $18.79 million, a PE ratio of -1.89 and a beta of 1.13.

SIFCO Industries (NYSE:SIF) last announced its 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 Investors Weigh In On SIFCO Industries

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