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

Investment analysts at StockNews.com started coverage on shares of SIFCO Industries (NYSE:SIF) in a research report issued on Monday. The brokerage set a “buy” rating on the stock.

SIFCO Industries Stock Down 1.4 %

SIFCO Industries stock opened at $2.70 on Monday. The firm has a market capitalization of $16.60 million, a P/E ratio of -3.80 and a beta of 1.04. The firm has a fifty day moving average of $2.74 and a 200-day moving average of $3.35. SIFCO Industries has a 52-week low of $2.33 and a 52-week high of $5.96.

Institutional Investors Weigh In On SIFCO Industries

A hedge fund recently raised its stake in SIFCO Industries stock. Renaissance Technologies LLC lifted its position in shares of SIFCO Industries, Inc. (NYSE:SIF) by 17.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,734 shares of the company’s stock after purchasing an additional 7,900 shares during the period. Renaissance Technologies LLC owned about 0.85% of SIFCO Industries worth $187,000 as of its most recent SEC filing. 24.20% of the stock is currently 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.