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

Research analysts at StockNews.com assumed coverage on shares of SIFCO Industries (NYSE:SIF) in a research note issued on Friday. The firm set a “buy” rating on the stock.

SIFCO Industries Trading Up 1.1 %

SIF opened at $3.66 on Friday. The stock has a market capitalization of $22.62 million, a PE ratio of -2.71 and a beta of 1.22. SIFCO Industries has a one year low of $2.87 and a one year high of $5.96. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.75 and a current ratio of 0.99. The business’s 50 day moving average price is $3.85 and its 200 day moving average price is $3.81.

Hedge Funds Weigh In On SIFCO Industries

An institutional investor recently raised its position in SIFCO Industries stock. Minerva Advisors LLC raised its stake in SIFCO Industries, Inc. (NYSE:SIF) by 12.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 423,889 shares of the company’s stock after buying an additional 45,281 shares during the quarter. SIFCO Industries comprises about 1.1% of Minerva Advisors LLC’s portfolio, making the stock its 22nd biggest holding. Minerva Advisors LLC owned about 6.86% of SIFCO Industries worth $1,971,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 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.