SIFCO Industries (NYSE:SIF) Coverage Initiated at StockNews.com

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

SIFCO Industries Price Performance

Shares of NYSE SIF opened at $3.00 on Wednesday. SIFCO Industries has a twelve month low of $2.28 and a twelve month high of $4.95. The company has a market capitalization of $18.48 million, a price-to-earnings ratio of -1.86 and a beta of 1.13. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.14. The business has a 50 day simple moving average of $3.12 and a 200-day simple moving average of $3.62.

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 return on equity of 24.45% and a negative net margin of 10.98%. The business had revenue of $21.05 million for the quarter.

Institutional Inflows and Outflows

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