StockNews.com assumed coverage on shares of SIFCO Industries (NYSE:SIF – Free Report) in a research note published on Tuesday. The brokerage issued a buy rating on the stock.
SIFCO Industries Price Performance
SIF stock opened at $3.75 on Tuesday. The firm has a market cap of $23.18 million, a price-to-earnings ratio of -2.78 and a beta of 1.23. The company has a quick ratio of 0.75, a current ratio of 0.99 and a debt-to-equity ratio of 0.12. The company’s fifty day simple moving average is $4.06 and its 200 day simple moving average is $3.75. SIFCO Industries has a 12-month low of $2.87 and a 12-month high of $5.96.
Institutional Inflows and Outflows
An institutional investor recently raised its position in SIFCO Industries stock. Minerva Advisors LLC boosted its stake in SIFCO Industries, Inc. (NYSE:SIF – Free Report) by 12.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 423,889 shares of the company’s stock after purchasing an additional 45,281 shares during the quarter. SIFCO Industries comprises about 1.1% of Minerva Advisors LLC’s holdings, making the stock its 22nd biggest position. Minerva Advisors LLC owned 6.86% of SIFCO Industries worth $1,971,000 as of its most recent filing with the Securities and Exchange Commission. 24.20% of the stock is currently 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.
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