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

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

SIFCO Industries Stock Down 3.3%

SIF opened at $2.96 on Wednesday. The stock’s fifty day moving average is $2.73 and its two-hundred day moving average is $3.28. The company has a market capitalization of $18.20 million, a P/E ratio of -4.17 and a beta of 1.04. SIFCO Industries has a 52 week low of $2.33 and a 52 week high of $5.96.

Institutional Trading of SIFCO Industries

A hedge fund recently raised its stake in SIFCO Industries stock. Renaissance Technologies LLC boosted its holdings in shares of SIFCO Industries, Inc. (NYSE:SIF) by 17.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,734 shares of the company’s stock after acquiring 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 filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 24.20% of the company’s stock.

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.